Friday, September 8, 2023
The number of persons in the labor force in CALABARZON reached about 7.5 million of the estimated 11.7 million population 15 years old and over for year 2022 (See summary statistics). This translates to a labor force participation rate (LFPR) of 64.5 percent, which means that about 64 out of 100 population aged 15 years and over in the region were either employed or unemployed. It registered a slight decrease of 0.1 percentage point compared to the LFPR in 2021 which is 64.6 percent.
Moreover, Rizal posted the highest LFPR among the provinces with 67.2 percent. While the province of Quezon recorded the lowest LFPR at 60.9 percent.
Employment rate was highest in Cavite at 94.2 percent
The 2022 employment rate (ER) of Cavite was at 94.2 percent, the highest among the five provinces. It was higher than the region’s employment rate estimated at 93.7 percent. Rizal province recorded the lowest ER at 92.8 percent.
Compared to the annual ER in 2021, all provinces recorded an increase in ER. For the region, the increase was at 4.3 percentage points (from 6.6 million in 2021 to 7.0 million in 2022) which translates to about 468 thousand additional work force.
Unemployment rate for 2022 was estimated at 6.4 percent
A lower annual unemployment rate in the region was recorded at 6.4 percent in 2022 compared to the 10.6 percent in 2021. Unemployment rate was highest in Rizal province at 7.2 percent. It was followed by the province of Batangas and Laguna with 6.7 percent and 6.1 percent, respectively. The total unemployed persons in CALABARZON was 478 thousand.
Out of the 478 thousand unemployed persons in the region, nearly a quarter (24.0 percent) resided in the province of Cavite. Moreover, about 12 in 100 unemployed persons resided in Quezon province. While the rest of the unemployed (about 306 thousand or 64.1 percent of the total) were located in the different cities and municipalities in the provinces of Batangas, Laguna, and Rizal.
Underemployment rate only increased in Batangas at 23.0 percent
The underemployed persons in the region was estimated at around 1.09 million in 2022, lower than the 1.13 million in 2021. This number represents 15.4 percent of the total employed persons in the region.
On the other hand, the year-on-year decrement in the provinces was highest in the province of Cavite at 8.2 percentage points, from 22.9 percent in 2021 to 14.7 percent in 2022. Meanwhile, only the province of Batangas posted an increment by 10.8 percentage points, from 12.2 percent in 2021 to 23.0 percent in 2022. This translates to about 306 thousand working population in Batangas province considered themselves as underemployed.
The underemployed persons are those who were employed but still express their desire to have additional hours of work in their present job or to have an additional job or have a new job with longer working hours.
- Total labor force population in 2022 for the region was estimated at 7.5 million. With about 11.7 million estimated population 15 years old and over, labor force participation rate was at 64.5 percent.
- Cavite registered with the highest employment rate among the provinces in the region at 94.2 percent; while unemployment rate was highest in Rizal province at 7.2 percent.
- Total unemployed persons in 2022 reached 478 thousand or an unemployment rate of 6.4 percent.
- Underemployment rate decreased in all the provinces in 2022 except in the province of Batangas pegged at 23.0 percent.
CHARITO C. ARMONIA