Eastern Visayas posts 94.0% employment rate in April 2022
This placed the region’s labor force at 1.95 million persons who were either employed or unemployed out of the estimated 3.24 million population15 years old and over in April 2022.
The 60.0 percent LFPR was higher by 2.0 percentage points than the LFPR in January 2022 posted at 58.0 percent.
This means that the labor force in April 2022 was stronger by around 75,000 persons than the 1.87 million persons in the labor force in January 2022.
However, the number was lower by around 37,000 persons compared with the 1.98 million persons in the labor force in the same period in 2021.
The region’s Employment Rate (ER) in April 2022 was estimated at 94.0 percent.  This translates to 1.83 million employed persons out of the 1.95 million persons in the labor force.
This was higher by about 90,000 employed persons than the 1.74 million employed persons reported in January 2022; but, lower by around 54,000 compared with the 1.88 million employed persons in April 2021.
Eastern Visayas’ unemployment rate has improved at 6.0 percent, lower by 1.0 percentage point compared with the 7.0 percent unemployment rate recorded in January 2022.
This was equivalent to around 116,000 persons in the labor force who were unemployed in April 2022, lower by 15,000 unemployed persons compared with the 131,000 unemployed persons in January 2022.
However, the latest unemployment rate was 1.0 percentage point higher than the unemployment rate in April 2021 at 5.0 percent.
The underemployment rate in Eastern Visayas was posted at 14.8 percent or 271,000 persons out of the 1.83 million employed persons in April 2022.
The latest underemployment rate has improved compared with the underemployment rates of 19.8 percent and 15.5 percent in January 2022 and April 2021, respectively. (PR)