CEBU CITY, Philippines — The number of people employed in Central Visayas has improved as businesses gradually reopen and business activities resume two years after the pandemic hit.
Based on recent data from the Philippine Statistics Authority (PSA), the unemployment rate in Central Visayas in April 2022 fell to 5.2%.
This is down from the 8% posted last January. It is also three points lower than the 8.2% recorded in April 2021.
With a drop in unemployment, Central Visayas also saw an increase in the employment rate from 92% to 94.8%.
The same PSA report showed that labor force participation in Central Visayas also increased from 60 to 66.1 percent, from January to April.
This means that of the approximately 5.6 million people aged 15 and over in the region, 3.7 million of them are already employed in April.
Central Visayas’ underemployment rate, which refers to employees seeking longer working hours and better-paying jobs, has also declined.
From 16.4% in January, it fell to 10.6% in April.
Nationally, the unemployment rate improved from 8.7% in April 2021 to 5.7% in April 2022, national statistician Dennis Mapa said in a summary report.
However, unemployment remained above the 14-year low of 2.3 million in 2019 (pre-pandemic).
Among the country’s 17 regions, the Zamboanga Peninsula had the highest number of employed people when its employment rate reached 97.1% in April 2022.
Meanwhile, Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) posted the lowest employment rate at 91.9%.
According to PSA, the main sectors with the highest increase in employment are administration and support services, accommodation and food services, transport and storage, agriculture and forestry and building. /with reports from the Philippine Daily Inquirer
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