Philippine employment rate reaches 93%

The Philippine employment rate of reached 93.1 percent with an estimated the number of employed persons at 36.3 July 2010, according to the National Statistics Office (NSO).

The employment rate in July 2009 was recorded at 92.4 percent. Among the regions, Cagayan Valley, Zamboanga Peninsula, Northern Mindanao and Autonomous Region in Muslim Mindanao (ARMM) posted the highest employment rate at 96 percent. The National Capital Region (NCR) had the lowest employment rate at 89.1 percent.

The July 2010 labor survey also revealed that the size of the labor force was approximately 39.0 million out of the estimated 60.9 million population 15 years old and over. Correspondingly, these numbers translate to a labor force participation rate (LFPR) of 64.0 percent. The labor survey in July 2009 was 64.6 percent.

Of the estimated 36.3 million employed persons in July 2010, the services sector was the largest group comprising more than half (51.2%) of the total employed population. The highest employed workforce in the services sector were in wholesale and retail trade, repair of motor vehicles, motorcycles and personal and household goods.

Workers in the agriculture sector accounted for 33.9 percent of the total employed, with those engaged in the agriculture, hunting and forestry sub-sector making up the largest sub-sector.

Only 14.9 percent of the total employed were in the industry sector, with the manufacturing sub-sector making up the largest percentage.

Among the various occupation groups, the laborers and unskilled workers comprised the largest group posting 31.8 percent of the total employed population.

Farmers, forestry workers and fishermen were the second largest group, accounting for 16.8 percent of the total employed.