Eastern Visayas' registers 92.4% Employment Rate in January 2021

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Monday, April 5, 2021
Employment Rate (ER) in Eastern Visayas in January 2021 was posted at 92.4 percent. This was 2.3 percentage points lower than the previous quarter (October 2020) and also 3.0 percentage points lower than the 95.4 percent ER a year ago (January 2020). However, this was 6.0 percentage points higher compared with the 85.7 percent level in April 2020, at the height of the community quarantine due to COVID-19 (Fig. 1). The region recorded the 7th highest ER among the 17 regions in the country and was slightly higher than the 91.3 percent national estimate in January 2021 (Table 1).
Out of the estimated 3.1 million population 15 years old and over in January 2021, about 1.9 million were economically active or in the labor force. This number translates to a Labor Force Participation Rate (LFPR) of 59.8 percent. The latest LPFR was 3.6 percentage points higher than the 56.2 percent LFPR in October 2020 and 0.3 percentage point higher than the 59.5 percent LFPR in January 2020. The region showed an erratic pattern in LFPR during the past five (5) quarterly surveys (Table 1).
The underemployed persons or those employed persons who express the desire to have additional hours of work in their present job or to have additional job, or to have a new job with longer working hours was estimated at 372 thousand. This translates to an underemployment rate of 21.2 percent, same as the figure reported since April 2020 but higher than the 16.4 percent recorded in January 2020. Eastern Visayas ranked 5th among regions in the country with high underemployment rate.
Meanwhile, about 144 thousand persons in the labor force were unemployed in January 2021. This translates to an unemployment rate of 7.6 percent, higher than the 5.3 percent and 4.6 percent levels in October 2020 and January 2020, respectively, but lower than the 14.3 percent unemployment rate reported in April 2020. Unemployment rate is the proportion of unemployed persons to total labor force. Unemployed persons are persons in the labor force who are reported as without work; currently available for work; and seeking work or not seeking work due to the following reasons: tired/believed no work available; waiting results of previous job application; temporary illness/disability; bad weather; and waiting for rehire or job recall.
For inquiries and further information, please contact our office with telephone numbers (053) 321-8392 or (053) 321-5153, and email address psa_reg8@yahoo.com.
Regional Director