Figure 1. Labor Force Participation Rate, CALABARZON: October 2019 to October 2020 Notes: Estimates for July and October 2020 are preliminary and may change. Source: Philippine Statistics Authority, Labor Force Survey The number of persons in the labor force in CALABARZON reached 6.8 million of the estimated 11.2 million population 15 years old and over as of October 2020 (See summary statistics). This translates to a labor force participation rate (LFPR) of 60.6 percent, which means that about 606 out of the 1,000 population aged 15 years and over were either employed or unemployed. It registered a decrease of 3.3 percentage points compared to the LFPR in July 2020 and October 2019, both posted at 63.9 percent. Employment rate increased by 1.4 percent Employment rate (ER) in October 2020 slightly rose to 89.0 percent from 87.6 percent in July 2020. Compared to the ER of 94.2 percent in October 2019, it is lower by 5.2 percentage points. It translates to 6.0 million employed persons in October 2020 from 6.2 million in October 2019. Employment rates have increased gradually starting 3rd quarter. Figure 2. Employment Rate CALABARZON: October 2019 to October 2020 Notes: Estimates for July and October 2020 are preliminary and may change. Source: Philippine Statistics Authority, Labor Force Survey Unemployment rate is recorded at 11.0 percent Of the estimated 6.8 million population 15 years old and over in the labor force in CALABARZON for the last quarter of the year, unemployment rate is estimated at 11.0 percent. It recovered as compared to the third quarter unemployment rate which was 12.4 percent. However, as compared to the unemployment rate of 5.8 percent in the same quarter of 2019, it is higher by 5.2 percentage points. Figure 3. Unemployment Rate, CALABARZON: October 2019 to October 2020 Notes: Estimates for July and October 2020 are preliminary and may change. Source: Philippine Statistics Authority, Labor Force Survey Underemployment rate is registered at 12.5 percent Figure 4. Underemployment Rate, CALABARZON: October 2019 to October 2020 Notes: Estimates for July and October 2020 are preliminary and may change. Source: Philippine Statistics Authority, Labor Force Survey Underemployed persons in the region were estimated at 757 thousand in October 2020. This number represented 12.5 percent of the total employed persons in the region which is significant improvement as compared to the rates during the previous two (2) quarter. Note: 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. SUMMARY STATISTICS CALABARZON 2019 2020 October January April July October Total Population 15 Years Old (in '000) 10,343 10,912 11,042 11,206 11,226 Labor Force (in '000) 6,630 6,984 6,437 7,161 6,803 Labor Force Participation Rate 63.9 64.0 58.3 63.9 60.6 Employment (in '000) 6,245 6,516 5,362 6,273 6,055 Employment Rate 94.2 93.3 83.3 87.6 89.9 Unemployment (in '000) 385 468 1,075 888 748 Unemployment Rate 5.8 6.7 16.7 12.4 11.0 Underemployment (in '000) 712 756 1,271 1,374 757 Underemployment Rate 11.3 11.6 23.7 21.9 12.5 Notes: Estimates for July and October 2020 are preliminary and may change. Revised estimates based on 2015 POPCEN-Based Population Projection. Details may not add up to totals due to rounding. Source: Philippine Statistics Authority, Labor Force Survey Highlights Total labor force population in October 2020 was estimated at 6.8 million in CALABARZON. This translates to 60.6 percent labor force participation rate. Total employed persons in the region for the last quarter were approximately 6.0 million population 15 years old and over or a regional employment rate of 89.0 percent. Total unemployed persons reached 748 thousand or unemployment rate was at 11.0 percent. Underemployment rate was recorded at 12.5 percent or approximately 757 thousand persons out of the 6.0 million employed in the region were underemployed. (SGD) CHARITO C. ARMONIA Regional Director BFP/COB/JGM
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