Three in five of the population 15 years old and over are in the labor force
The population 15 years old and over in January 2014 was estimated at 61.8 million wherein around 39.4 million persons were reported to be in the labor force, that is, either employed or unemployed (Table 1 and Table 3). These figures placed the labor force participation rate (LFPR) at 63.8 percent. In January 2013, the LFPR was estimated at 64.1 percent. Among the regions, Autonomous Region in Muslim Mindanao (ARMM) registered the lowest LFPR at 57.3 percent (Figure 1).
Employment rate is recorded at 92.5 percent
The employment rate or the proportion of employed persons to total labor force was estimated at 92.5 percent in January 2014 (Table 1). This placed the number of employed persons at about 36.4 million (Table 2). Last year’s employment rate was 92.9 percent.
Across regions, the top three regions in terms of employment rate are Cagayan Valley and ARMM with 96.2 percent, respectively, and SOCCSKSARGEN (96.0%) (Table 1 and Figure 2).
Three in five of the employed persons are males
More than half of the employed population are working in the services sector
Three in ten of the total employed population are laborers and unskilled workers
Among the various occupation groups, laborers and unskilled workers made up the largest occupation group, accounting for 31.3 percent of the employed population. Officials of government and special interest organizations, corporate executives, managers, managing proprietors and supervisors were the second largest group, accounting for 16.5 percent of the total employed population (Table 5 and Figure 5).
More than half of the employed persons are wage and salary workers
Three in five of the employed persons are full-time workers
Employed persons are classified as either full-time workers or part-time workers. Full-time workers are those who work for 40 hours or more while part-time workers work for less than 40 hours. In January 2014, three in every five (62.2%) of the total employed persons were working full time. Two in five (40.2%) of the total employed worked for 40 to 48 hours. Around 36.0 percent of the total employed persons were working part time (Table 8).
One-fifth of the employed persons desires more hours of work
Unemployment rate is recorded at 7.5 percent
Seven in ten of the persons who are not in the labor force are women
Out of the estimated 61.8 million population 15 years old and over, there were 39.4 million persons in the labor force.
The employment rate in January 2014 registered at 92.5 percent. The employment rate for the same month of 2013, computed using data from January 2013 that excludes Region VIII, is 92.9 percent.
More than half (54.1%) of the employed population were in the services sector, 30.1 percent were in the agriculture sector and the rest (15.9%) were in the industry sector.
Laborers and unskilled workers remained to be the largest occupation group as they comprised almost one-third (31.3%) of the employed population. Officials of government and special interest organizations, corporate executives, managers, managing proprietors and supervisors came next with 16.5 percent.
More than half (57.5%) of the total employed persons were wage and salary workers, 28.5 percent were self-employed, 3.4 percent were employers in own family-operated farm or business, and 10.6 percent were unpaid family workers.
Underemployment rate was estimated at 19.5 percent in January 2014. Last year’s rate was 20.9 percent.
Unemployment rate in January 2014 was estimated at 7.5 percent. In the same month last year, the unemployment rate was 7.1 percent.