The country has registered an employment rate of
93.4 percent, marking an increase of 2.8 percent since January last year, based
on the 2015 January Labor Force Survey conducted by the Philippine Statistics
Authority (PSA), Presidential Spokesperson Edwin Lacierda said.
Lacierda said in a statement that the year-on-year addition of 1.04 million workers in the employment force put the total number of employed at 37.5 million.
He said the increase is almost four times the 281,000 jobs created during the January 2013-2014 period, which posted an annual growth of 0.8 percent.
He said that according to the January 2015 survey, employment grew across all classes of workers, except those in family-operated businesses.
“The survey also indicates that our year-on-year underemployment rate went down to 17.5 percent, from 19.5 percent in January 2014,” Lacierda noted.
The Palace official said these figures do not include data from Region 8 because survey results needed to be comparable to that of the previous period ending in January 2014. According to the PSA, no survey was conducted in the area last year due to the devastation caused by Typhoon Yolanda.
“Since 2010, driven by our belief in good governance as good economics, the Aquino administration has continued to enact widespread reforms, which have increased public trust in government and spurred economic growth. This has led to a surge in investor interest in the country, beginning a virtuous cycle of empowerment and inclusive growth. The new opportunities generated by these investments have resulted in not just more jobs but also more meaningful livelihoods for our citizens, as indicated by the lower underemployment rate,” Lacierda said.
He said that amid concerns about increased global volatility and slower growth, the Philippines has continued to buck the trend and surpass expectations.
“Rest assured that the Aquino administration remains committed to pursuing even more growth for the country and to making sure that this translates to real benefits for the Filipino people. Moving forward, let us collectively work toward further entrenching our good governance reforms and making permanent the gains we have achieved,” Lacierda concluded. (PCOO News Release)
Lacierda said in a statement that the year-on-year addition of 1.04 million workers in the employment force put the total number of employed at 37.5 million.
He said the increase is almost four times the 281,000 jobs created during the January 2013-2014 period, which posted an annual growth of 0.8 percent.
He said that according to the January 2015 survey, employment grew across all classes of workers, except those in family-operated businesses.
“The survey also indicates that our year-on-year underemployment rate went down to 17.5 percent, from 19.5 percent in January 2014,” Lacierda noted.
The Palace official said these figures do not include data from Region 8 because survey results needed to be comparable to that of the previous period ending in January 2014. According to the PSA, no survey was conducted in the area last year due to the devastation caused by Typhoon Yolanda.
“Since 2010, driven by our belief in good governance as good economics, the Aquino administration has continued to enact widespread reforms, which have increased public trust in government and spurred economic growth. This has led to a surge in investor interest in the country, beginning a virtuous cycle of empowerment and inclusive growth. The new opportunities generated by these investments have resulted in not just more jobs but also more meaningful livelihoods for our citizens, as indicated by the lower underemployment rate,” Lacierda said.
He said that amid concerns about increased global volatility and slower growth, the Philippines has continued to buck the trend and surpass expectations.
“Rest assured that the Aquino administration remains committed to pursuing even more growth for the country and to making sure that this translates to real benefits for the Filipino people. Moving forward, let us collectively work toward further entrenching our good governance reforms and making permanent the gains we have achieved,” Lacierda concluded. (PCOO News Release)
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