From the Website of GPH - Government of the Philippines
links: http://www.gov.ph/2016/03/11/more-jobs-created-january-2016/
Unemployment down, more jobs created this January
This brought down unemployment rate to
5.8 percent from 6.6 percent in January 2015, with broad-based
improvements coming from most regions, across all age groups, almost all
educational levels, and for both men and women.
The labor market was boosted by better
employment opportunities in the industry and services sectors. This
performance also brought the unemployment rate to its second lowest in
the decade, with the lowest recorded in October last year.
The industry and services sectors generated 508,000 and 1.18 million additional jobs, respectively, in January 2016.
With employment growing faster at 2.0
percent relative to the labor force growth of 1.1 percent, the number of
unemployed went down by 279,000 to 2.4 million during the period.
The favorable labor market situation in
January 2016 and the continued slowdown in the national unemployment
rate will most likely help the country hit the Philippine Development
Plan target of 6.5-6.7 percent for unemployment rate in 2016.
On the other hand, the slight decline in
labor force participation rate was partly due to the decision among the
youth to opt out of the labor force to attend school and become
full-time students.
Underemployment, which refers to those
who are working but wanted more work, worsened to 19.7 percent form 17.9
percent year-on-year. There were approximately 7.7 million
underemployed persons, most of whom were wage and salary workers in
private establishments.
Despite the increase in underemployment,
positive results in indicators of quality of work, such as the mean
hours of work, class of workers and the full-time employment, signal
that efforts to foster more remunerative employment are gaining
traction.
Meanwhile, the number of remunerative
and stable wage and salary workers increased by 2.7 million and their
share in total employment greatly surged to 63.3 percent in January 2016
from 57.5 percent in January 2015. The number of full-time workers also
increased by 2.8 million.
GPH Website
OTHER HUMAN RIGHTS PROMOTIONS WEBSITES
PROTECTION AND PROMOTION OF HUMAN RIGHTS
-----------------------------------------------------------------------------------------------
------------------------------------------------------------
-----------------------------------
0 comments:
Post a Comment