Friday, September 18, 2020
The preliminary results of the July 2020 Labor Force Survey (LFS) posted an employment rate of 88.9 percent in llocos Region. This was lower by 6.2 percentage points compared to the employment rate of the same quarter a year ago at 95.1 percent. The July 2020 employment rate went up by 11.2 percentage points compared to the record low
of 77.7 percent in April 2020.
Meanwhile, the employment rate of the country was recorded at 90.0 percent in July 2020, an upturned of 7.7 percentage points from the employment rate recorded in April 2020 at 82.3 perent.
The July 2020 figure of the country was higher by 1.1 percentage points compared to the employment rate of the region in the same period
ln terms of Labor Force Participation Rate (LFPR) of the region, it increased by 2.4 percentage points from 62.3 percent in July 2019 to 64.7 percent in July 2020. The country's LFPR in July 2020 was recorded at 61.9 percent, lower by 2.8 percentage points compared to the LFPR of the region in the same period.
The underemployment rate of the region in July 2020 was registered at 15.8 percent. This was higher by 0.7 percentage point compared to the underemployment rate recorded in July 2019, but lower by 4.9 percentage points posted in April 2020.
Meanwhile, the underemployment rate of the country in July 2020 was higher by 1.5 percentage points compared to the underemployment rate of the region in the same period.
Among the 17 regions, Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) registered the highest employment rate in July 2020 at 96.2 percent. Meanwhile, National Capital Region (NCR) recorded the lowest employment rate at 84.2 percent. llocos Region ranked fourth with the lowest employment rate in July 2020.
Note: As to the latest release of the resulfs of the July 2020 LFS, there are no disaggregation yet by demographic and economic indicators at the regional level.