Malacanang welcomes labor forces survey indicating decrease in unemployment rate

by | Jun 17, 2011 | Headlines, National News

MALACAÑANG welcomed the 2011 Labor Force Survey of the National Statistics Office(NSO) indicating that the unemployment rate in the Philippines decreased from 8.0% to7.2% in the period between April 2010 and April 2011 saying that it is proof of the Aquino government’s continued fulfillment of its Social Contract with the Filipino people.

In his official statement issued on Thursday, Presidential Spokesman Edwin Lacierda said the decrease of unemployment rate is a collective achievement of the different sectors andstakeholders of the government and the Filipino people.  “The future promises even more reason for optimism, as we are paving the way for the influxof investments by improving the quality of spending (of government resources) to focus moreon activities that will generate jobs,” said Lacierda.

He stressed that the administration remain confident of the “continued growth in the businesssector and further good news not only in terms of employment but also in our efforts toward education and decreasing inequality through our conditional cash transfer programs.”  Lacierda said the holistic approach to overcoming long-standing challenges has been the hallmark of the Aquino administration. “Our efforts will remain diligent, thorough andmotivated,” he added.

According to the April 2011 Labor Force Survey, the country’s employment rate improved by0.8 percentage point to 92.8 percent from 92 percent in April last year.  “A total of 2.9 million persons were unemployed in April 2011, placing the unemployment rateat 7.2 percent, down from 8 percent recorded for the same period last year,” the NSO said.(PCOO/PIA)

Number of jobless Pinoys drops by 200,000

by | Sep 17, 2010 | Headlines, National News

The Department of Labor and Employment (DOLE) reported on Wednesday that the number of jobless Filipinos had declined by 200,000 as the country recovers from the effects of the global financial crisis.

DOLE said data from the National Statistics Office (NSO) showed that unemployed persons nationwide dropped to 2.7 million in July compared to the 2.9 million jobless workers recorded during the same period last year.     

Based on results of the NSO’s latest Labor Force Survey (LFS), male workers account for 62.6 percent of the total number of unemployed citizens while a majority or 52.5 percent belong to 15 to 24-years age group.

About one-third (32.5 percent) of the unemployed were high school graduates, 22.7 percent were college undergraduates, and 20.5 percent were college graduates.

Labor officials said the lingering effects of the financial crisis have increased the number of jobless Filipinos last year with Cavite, Laguna, Batangas, and Quezon (CALABARZON) region bearing the brunt. (PIA)