Tuesday, September 26, 2023
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
    • Young Life
  • Special Pages
    • Pets
    • Tech
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • On the Road
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Cravings
    • Environment & Sustainability
    • Agriculture
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
    • Gallery
      • Photos
      • Videos
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
    • Young Life
  • Special Pages
    • Pets
    • Tech
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • On the Road
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Cravings
    • Environment & Sustainability
    • Agriculture
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
    • Gallery
      • Photos
      • Videos
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home News National

Jobless rate down in Jan. versus a year ago

Julito G. RadaVito BarcelobyJulito G. RadaandVito Barcelo
March 19, 2022, 12:40 am
in National, News
Reading Time: 3 mins read
A A
Share on FacebookShare on TwitterShare on Email

The country’s unemployment rate declined to 6.4 percent in January 2022 from 8.8 percent a year ago, the lowest since the start of the pandemic, as new jobs were created during the month, data from the Philippine Statistics Authority (PSA) on Friday show.

The January 2022 jobless rate was also lower compared to the 6.6 percent in December 2021.

In its January 2022 Labor Force Survey, the PSA said the 6.4-percent unemployment rate for the month translated to 2.93 million unemployed Filipinos, a decline of 1.04 million from the 3.96 million unemployed reported in January 2021.

“The employment situation in the country for the first month of 2022 has improved from 91.2 percent in January 2021 to 93.6 percent this year. This estimated rate was also higher than employment rate in the previous quarter’s 92.6 percent,” PSA said.

“In terms of magnitude, the number of employed persons increased by 1.77 million from 41.25 million in January 2021 to 43.02 million in January 2022,” it said.

But Economic Planning Secretary Karl Kendrick Chua said that while the unemployment rate declined, fewer Filipinos were able to work during the Omicron surge in January 2022.

“Due to the Omicron surge in January, the labor force participation rate fell from 65.1 percent to 60.5 percent. Another reason for lower employment levels is the end of the holiday season which shed off seasonal jobs. Despite this, net employment remains at 0.5 million above the pre-pandemic level,” Chua said.

“The Omicron surge caused a temporary decline in our employment levels. Now that we have contained the spread of the virus and shifted to Alert Level 1 in most parts of the country, we look forward to an improvement in employment outcomes in the coming months,” Chua said.

Since March 15, 2022, 70 percent of the economy has already shifted to Alert Level 1. This means that more restrictions were removed on travel and capacity limits on establishments were eased. Chua said this translates to an additional P10.8 billion per week of economic activity for the country and 195,000 fewer unemployed over the next quarter, compared to Alert Level 2.

Chua also emphasized the need to reopen all schools in Alert Level 1 for face-to-face learning as this will provide a big boost to the economy, enable children to learn more, and allow more parents to go back to work.

PSA data showed that the number of persons 15 years old and over reported as either employed or unemployed was estimated at 45.94 million in January 2022. This was higher compared to the 45.21 million Filipinos in the labor force in the same period last year. In terms of the labor force participation rate (LFPR), this remained the same as the January 2021 rate of 60.5 percent.

On average, employed persons worked for 41.8 hours per week in January 2022. In January 2021, the average hours worked of an employed person was lower at 39.3 hours per week.

Underemployed persons or employed persons who expressed desire to have additional hours of work in their present job or to have an additional job, or to have a new job with longer hours of work was accounted at 6.40 million translating to an underemployment rate of 14.9 percent. This was lower than the 16.0 percent reported in January 2021 but higher than the 14.7 percent reported in December 2021.

The visible underemployment rate or the proportion of underemployed persons working less than 40 hours in a week was reported at 8.9 percent in January 2022. This was lower than the 11.0 percent in the same period last year. This estimated rate was also lower than the October 2021 and December 2021 estimates at 10.7 percent and 9.8 percent, respectively.

On the other hand, invisible underemployment rate or the proportion of underemployed persons working at least 40 hours in a week was estimated at 5.9 percent in January 2022. This was higher than the reported rate in January 2021 (5.0 percent), October 2021 (5.3 percent) and December 2021 (4.9 percent).

By region, CAR registered the highest labor force participation rate at 65.0 percent in January 2022 while BARMM registered the lowest at 55.6 percent. Among the regions, eight posted lower LFPR than the national estimate, namely, BARMM (55.6 percent), Region VIII (58.0 percent), Region V (58.4 percent), Region III (58.6 percent), NCR (58.8 percent), Region XI (59.5 percent), Region VII (60.0 percent), and Region IX (60.0 percent).

The Palace welcomed the drop in the number of unemployed Filipinos.

Acting Presidential spokesman Martin Andanar said the easing of the COVID 19 restrictions helped increase the labor force participation in the country.

Tags: jobless ratePhilippine Statistics Authorityunemployment rate
ADVERTISEMENT
Julito G. Rada

Julito G. Rada

Vito Barcelo

Vito Barcelo

Related Posts

Magna Carta for Seafarers bill certified urgent

byManila Standard
September 26, 2023, 12:25 am
0
8
Maharlika bill ‘high priority’

President Ferdinand Marcos Jr. has certified the Magna Carta for Seafarers bill in Congress as urgent. Senate Majority Leader Joel...

Read more

‘Kontra Bigay’ program set for village elections

byRey E. Requejoand1 others
September 26, 2023, 12:20 am
0
8
‘Kontra Bigay’ program set for village elections

The Department of Justice (DOJ) and the Commission on Elections (Comelec) have forged a partnership to fight vote buying and...

Read more

PSA: 101m IDs out by next Sept.

byMacon Ramos-Araneta
September 25, 2023, 11:30 pm
0
8
2022 trade deficit hit record $58.3b, imports surged 17%

THE Philippine Statistics Authority (PSA) targets to finish the cumulative registration of 101 million Filipinos by September next year. During...

Read more

GSIS vows to mark express lanes, liaisons for teachers, DepEd staff

byManila Standard
September 25, 2023, 11:15 pm
0
8
Southwoods nails Seniors’ Fil golf crown

The Government Service Insurance System (GSIS) on Monday vowed to provide teachers and other personnel of the Department of Education...

Read more

DPWH hastens repairs on Toril road in Davao

byVito Barcelo
September 25, 2023, 11:00 pm
0
8

The Department of Public Works and Highways (DPWH) is fast-tracking the improvement of the P71-million Davao City-Junction Digos City Section...

Read more

10 Metrobank awardees hailed for service to nation

byMaricel Cruz
September 25, 2023, 10:30 pm
0
8
10 Metrobank awardees hailed for service to nation

Speaker Martin Romualdez on Monday hailed the 2023 Metrobank Foundation’s Ten Outstanding Filipinos as modern-day heroes and thanked them for...

Read more

Print Edition

View More

Recent Posts

  • Magna Carta for Seafarers bill certified urgent
  • ‘Kontra Bigay’ program set for village elections
  • Climate change no far-off threat
  • On the rice crisis, destruction of corals
  • The magnificent Ramon Magsasay Awardees
  • Al Tengco: PAGCOR’s game changer
  • German support
  • Buntis congress

Advertisement

Latest News

Al Tengco: PAGCOR’s game changer

byMelandrew Velasco
September 26, 2023, 12:00 am
0
8
RSA: Mr. Malasakit, the environmentalist

"With all of PAGCOR plans in place, gaming in the Philippines will never be the same again" In the game...

Read more

German support

byManny Palmero
September 25, 2023, 11:45 pm
0
8
German support

National Bureau of Investigation head Medardo De Lemos and German Ambassador to the Philippines Andreas Michael Pfaffernoschke sign a Deed...

Read more

Buntis congress

byJoseph Muego
September 25, 2023, 11:40 pm
0
8
Buntis congress

The City of Bacoor presents the contestants of the Fashion Day Buntis Congress held at the Strike Gymnasium in Bacoor...

Read more

Staying dry

byManny Palmero
September 25, 2023, 11:35 pm
0
8
Staying dry

A sudden heavy downpour forces a couple to step on the bases of a waiting shed’s posts to avoid getting...

Read more

PSA: 101m IDs out by next Sept.

byMacon Ramos-Araneta
September 25, 2023, 11:30 pm
0
8
2022 trade deficit hit record $58.3b, imports surged 17%

THE Philippine Statistics Authority (PSA) targets to finish the cumulative registration of 101 million Filipinos by September next year. During...

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
    • Young Life
  • Pets
  • Tech
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Cravings
  • Environment & Sustainability
  • Agriculture
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Gallery
    • Photos
    • Videos
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App