PH unemployment rate eased in May – PSA

Robie de Guzman   •   July 2, 2021   •   624

MANILA, Philippines – The Philippines’ unemployment rate in May 2021 went down to 7.7 percent from 8.7 percent in April, data from the Philippine Statistics Authority (PSA) released on Thursday showed.

The PSA said this means that the total number of unemployed individuals aged 15 years and above decreased by 408,000, to 3.73 million individuals in May from 4.14 million in April.

The unemployment rate in May is the second lowest reported since the start of the year, following the 7.1 percent reported in March 2021.

“The unemployment rate in May 2021 was lower than the unemployment rate in April 2021 at 8.7 percent. This was also lower than the unemployment rate in January 2021 (8.7%) and February 2021,” the PSA noted.

The state statistics bureau also reported that the employment rate in the country in May rebounded from the previous month, although slightly lower than the highest employment rate this year at 92.9 percent in March.

“Total employed persons was posted at 44.72 million in May 2021 or 1.45 million increase in employment from the previous month’s level of 43.27 million,” it said.

“Employed persons reported with job but not at work dropped to 1.4 percent in May 2021 from 2.5 percent in April 2021,” it added.

The May 2021 employment rate is higher than the rates reported in January (91.3%), February 2021 (91.2%), and April 2021 (91.3%), the PSA said.

“The labor force participation rate (LFPR) in May 2021 was placed at 64.6 percent, equivalent to 48.45 million individuals who were either employed or unemployed. This is higher than the LFPR reported in the months of January (60.5%), February (63.5%), and April (63.2%) of 2021.”

The agency also reported that the country’s underemployment rate in May was estimated at 12.3 percent, the lowest since January 2021.

“In terms of magnitude, about 5.49 million persons were reported underemployed in May 2021. The highest estimate was reported in February 2021 at 7.85 million,” the PSA said.

By broad industry group, the agency noted that the services sector continued to account for the largest share with 57.8 percent of the total employed persons in May 2021.

The agriculture and the industry sectors accounted for 23.8 percent and 18.4 percent of the total employed persons, respectively.

The following are the top five sub-sectors with the highest number of employed persons:

  • Wholesale and retail trade; repair of motor and motorcycles (10.24 million);
  • Agriculture and forestry (9.49 million)
  • Construction (4.40 million)
  • Manufacturing (3.55 million)
  • Transportation and Storage (2.91 million)

The PSA said that lockdowns, health and medical limitations and nature of work are among the top reasons that barred people from reporting to work in May.

PH inflation eases to 4.8% in September — PSA

Aileen Cerrudo   •   October 5, 2021

MANILA, Philippines—Inflation in the Philippines eased to 4.8% in September from 4.9% recorded in August, the Philippine Statistics Authority (PSA) reported on Tuesday.

The latest headline inflation rate is at the lower end of the Bangko Sentral ng Pilipinas’ (BSP) forecast range of 4.8 to 5.6% for September 2021, according to the National Economic and Development Authority.

The PSA also reported that the slower pace in the overall inflation in September 2021 was mainly due to the lower annual rate of increment in the transport index at 5.2% during the month, from 7.2% in the previous month.

Food inflation decreased to 6.5% in September from 6.9% in August due to slower inflation rates in rice, fish, and meat. Rice inflation recorded zero growth, following the issuance of EO 135. Likewise, fish inflation decelerated to 10.2% from 12.4%.

Socioeconomic Planning Secretary Karl Kendrick T. Chua  said, “The proactive implementation of Executive Order (EO) 133 and 134 have helped stabilize pork prices. The government is continuously accelerating and calibrating its implementation so we can further lower pork prices towards their pre-African Swine Fever level.”

The government adopted EOs 133 and 134 in May 2021 to help increase the supply of pork in the country amid its shortage due to the African Swine Fever (ASF). AAC

 

Unemployed Filipinos rose to 3.88M in August — PSA

Aileen Cerrudo   •   September 30, 2021

MANILA, Philippines—The country’s unemployment rate in August 2021 was estimated at 8.1% , an increase from 6.9% reported in July.

The Philippine Statistics Authority (PSA) reported on Thursday that the total number of unemployed Filipinos in August stood at 3.88 million individuals 15 years old and over.

This is amid the implementation of stringent quarantine classifications due to the high number of reported coronavirus disease (COVID-19) cases.

In a joint statement of the administration’s economic managers, including Department of Finance (DOF) Secretary Carlos G. Dominguez III, Socioeconomic Planning Secretary Karl Kendrick T. Chua, and Budget officer-in-charge Tina Rose Marie L. Canda, said the result of the recent unemployment rate was expected given the restrictions prompted by the pandemic and the spread of the Delta variant.

Nevertheless, the economic managers said the result is an improvement, since the labor force participation increased to 63.6% from 59.8%. This is equivalent to 48.12 million Filipinos 15 years old and over.

Socioeconomic Planning Secretary Karl Kendrick Chua said the country is slowly recovering owing to the government’s risk management strategy. He said that majority of workers were allowed to operate and return to work while under heightened quarantine.

Tuloy po ang ating public transport. Ang mga pinagbawalan lang natin ay iyong mga nasa closed places, crowds at close contact areas. So iyan po ang dahilan kung bakit bumabalik ang trabaho at gumaganda ang ating underemployment rate (Public transport continues to operate. What is not allowed are gatherings in closed places, crowds, and close contact areas. That is the reason why workers have returned and our underemployment rate is improving),” he said during a virtual public briefing on Thursday. AAC (with reports from Janice Ingente)

Civil registration service outlets in Metro Manila to reopen on Sept. 16 — PSA

Robie de Guzman   •   September 15, 2021

MANILA, Philippines — The Philippine Statistic Authority (PSA) on Wednesday announced that all its Civil Registration Service Outlets in Metro Manila will reopen on Sept. 16, Thursday.

The PSA, however, said its service outlets will operate at a reduced capacity.

“Only clients with prior appointments issued through the Civil Registration Service Query Verification Unit email address will be served,” the agency said in its website.

The PSA also said that customers at the service outlet in East Avenue, Quezon City who were issued with a queue ticket number prior to the declaration of enhanced community quarantine and modified enhanced community quarantine will be served according to schedule and color code. The complete schedule can be viewed here.

Those with urgent matters or emergency cases identified by the PSA may be given priority appointments provided valid proof of the emergency is submitted through the agency’s channels.

“Customers will receive a confirmation email and the details of the scheduled appointment,” the PSA said.

“Strictly no walk-in customers are allowed. Your health and wellness is our primary concern,” it added.

Customers must use StaySafe.ph App to enter the PSA premises.

For more information about the PSA Appointment System, clients may contact the following telephone numbers: (02) 8461-0500 loc.702 and 703.

The government earlier announced it will be piloting the quarantine alert levels system in Metro Manila on Sept. 16.

The region will be placed under alert level 4, which prohibits the following from going outside their residence:

  • Persons below 18 years old
  • Persons over 65 years old
  • Those with immunodeficiencies, co-morbidities, or other health risks
  • Pregnant women

Residents will only be allowed to leave their homes when accessing essential goods and services or going to work in permitted industries and offices.

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