Sunday, January 29, 2023
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home News

PH unemployment rate holds steady

Julito G. RadaMaricel CruzbyJulito G. RadaandMaricel Cruz
August 9, 2022, 12:40 am
in News, Top Stories
Reading Time: 3 mins read
A A
Share on FacebookShare on TwitterShare on Email

The country’s unemployment rate in June 2022 remained unchanged at 6 percent, the same rate a month ago, but significantly lower than the 7.7 percent unemployment rate of the same period last year, the Philippine Statistics Authority said Monday.

In an online briefing, national statistician and civil registrar general Dennis Mapa said this translated to 2.99 million unemployed Filipinos out of 49.58 million who were in the labor force in June 2022.

The country’s employment rate in June 2022 also remained the same as the 94 percent rate reported a month ago. This was higher than the employment rate of 92.3 percent registered in the same period of 2021. Over 1.5 million Filipinos joined the labor force in June 2022 from the same month in 2021, bringing total employment to 46.6 million.

“There are significant increases in employment in the agriculture and forestry sector due to the harvest season… We hope the downward trend [in unemployment] will continue but we will see what will happen in July 2022,” Mapa said.

Albay Rep. Joey Sarte Salceda said the number of jobless Filipinos has something to do with inflation.

ADVERTISEMENT

“The most notable figure from the jobs report is the one on the wholesale and retail trade, which lost 1.2 million jobs. That is almost as much as the jobs gain in agriculture, at 1.26 million,” Salceda said.

“What this could indicate is that inflation is constraining people from spending on more discretionary items. Disposable income remains subdued, as I also stated regarding the July 2022 inflation report,” he added.

According to the legislator, the major job losers in that sector are supermarkets and department stores (192,000), hardware stores (189,000), and online or direct sales (144,000).

“I expect things to continue getting harder for brick and mortar stores as malls have begun to charge previously deferred or reduced rental payments. This is on top of the tighter competition due to online shopping networks- which also tend to be tax advantaged as we find it harder to enforce VAT on online sales,” Salceda said.

Economic Planning Secretary Arsenio Balisacan said the country needs a safe and full reopening of the economy to return to a high-growth path and reinvigorate job creation.

“In the near term, we will prioritize the immediate issues of rising inflation, the vulnerability of certain groups to shocks, and the pandemic-induced scarring to ensure that growth and employment gains are sustained,” Balisacan said.

He said the reopening of the economy, including the resumption of face-to-face schooling, will boost domestic activities and insulate the economy against external headwinds.

The June 2022 round of PSA’s Labor Force Survey showed that the country’s underemployment rate—the proportion of those already employed but still wanting more work—dropped further to 12.6 percent from 14.2 percent in June 2021.

“The latest data show a significant increase in the number of workers employed on a full-time basis. While this is a good indication of the improving quality of work in our country, the government should incessantly boost its efforts toward providing an environment conducive to the creation of more and better employment opportunities,” Balisacan said.

In terms of hours of work, full-time employment, or those who worked for more than 40 hours a week, increased substantially by 11.0 percent or an additional 3.0 million individuals, while part-time workers declined by 8.0 percent or 1.4 million fewer individuals compared to June 2021. The mean hours of work improved from 39.0 in June 2021 to 40.3 in June 2022.

Balisacan said the immediate and safe resumption of face-to-face classes is anticipated not only to increase domestic activities but also to prevent future productivity losses.

Tags: Dennis MapaPhilippine Statistics Authorityunemployment rate
ADVERTISEMENT
Julito G. Rada

Julito G. Rada

Maricel Cruz

Maricel Cruz

Related Posts

Trump: 2024 polls ‘one shot’ to save US

byAFP
January 29, 2023, 7:50 pm
0
8
Ombudsman suspends NIA chief, may face dismissal

Donald Trump warned Saturday that the next election would be America’s last chance for salvation as he attempted to revive...

Read more

Unit of Memphis policemen in fatal beating deactivated

byAFP
January 29, 2023, 7:40 pm
0
8
Taliban govt resumes issuing Afghan passports in Kabul

Memphis police on Saturday permanently deactivated the unit of the five officers who fatally beat a young Black man, the...

Read more

Indonesian leprosy survivor crafts
new limbs for shunned villagers

byAFP
January 29, 2023, 7:35 pm
0
8
Taliban govt resumes issuing Afghan passports in Kabul

When Ali Saga visited a clinic in Jakarta four decades ago, he watched as patients and health workers scrambled to...

Read more

Women now drive fast train to Mecca

byAFP
January 29, 2023, 7:30 pm
0
8
Taliban govt resumes issuing Afghan passports in Kabul

Driver Tharaa Ali takes her seat at the helm of a high-speed train ferrying pilgrims to Mecca, a beneficiary of...

Read more

China resumes issuing visas for Japanese citizens

byAFP
January 29, 2023, 7:25 pm
0
8
Taliban govt resumes issuing Afghan passports in Kabul

The Chinese embassy in Tokyo announced Sunday that it would resume issuing visas to Japanese citizens. The move ends a...

Read more

South Korean soldier fires near border – report

byAFP
January 29, 2023, 7:20 pm
0
8
Taliban govt resumes issuing Afghan passports in Kabul

A South Korean soldier mistakenly fired a machine gun near the border with North Korea, prompting the military to inform...

Read more

Print Edition

View More

Recent Posts

  • A Pinoy culinary heaven in Portland
  • Run your own milk tea shop with the new interactive Google Doodle
  • Disney-inspired desserts for all seasons
  • Obiena secures 2nd gold for season in French meet
  • Gan sisters, De Guzman, Macasaet lead JGFP winners
  • Starting ’em young
  • Army Navy supports Club200 Endurance Race
  • 5-way fight for PSA Athlete of Year

Advertisement

Latest News

Starting ’em young

byManila Standard Sports
January 29, 2023, 9:12 pm
0
8
Strong Group picks up 2nd win with rout of Libya’s Al Nasr

Close to a hundred young golfers aged 9-17 and bracketed into four categories take the big step to their respective...

Read more

Army Navy supports Club200 Endurance Race

byManila Standard Sports
January 29, 2023, 9:10 pm
0
8
Strong Group picks up 2nd win with rout of Libya’s Al Nasr

Food chain giant Army Navy formalized its support to the Club200 200/50 Endurance Race—the Philippines’ biggest motorsports spectacle of 2023...

Read more

5-way fight for PSA Athlete of Year

byManila Standard Sports
January 29, 2023, 9:05 pm
0
8

Philippine sports’ cream of the crop who made 2022 a truly memorable one for the country crowd each other out...

Read more

Fil-Aussie, pal rule Australian Open men’s doubles; POC chief pleased

byAFP
January 29, 2023, 9:00 pm
0
8
Strong Group picks up 2nd win with rout of Libya’s Al Nasr

Melbourne—Wildcard home duo Rinky Hijikata and Filipino-Australian Jason Kubler won a first Grand Slam crown with victory in the men’s...

Read more

Jamaicans ask on Bolt fraud case: Where’s the money?

byAFP
January 29, 2023, 8:55 pm
0
8
Strong Group picks up 2nd win with rout of Libya’s Al Nasr

Kingston—It is the question on the lips of every Jamaican -- and none more so than the country’s most famous...

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App