Philippines has lower jobless rate than US

5:12 am | Friday, March 16th, 2012

The Philippines enjoys a lower unemployment rate than the United States, which registered at 8.3 percent in January, according to Socioeconomic Planning Secretary Cayetano W. Paderanga Jr.

He attributed this to the character of our economy, which is different from those of developed nations.

“In the Philippines, there are many jobs that ordinarily would not be thought of as work in developed countries,” Paderanga explained in a statement.

“Our problem, however, is that many of the employed are working in the informal sector, where the income levels are really quite low. We would like to produce more work in the formal sector,” he added.

Results of the January Labor Force Survey (LFS) of the National Statistics Office (NSO) show that more than half or 52.7 percent (some 21.2 million) of those employed are working in the services sector.

The largest employed workforce in the services sector—representing 7.8 million or 19.3 percent of total employed—were in wholesale and retail trade and repair of motor vehicles and motorcycles.

Workers in the agriculture sector numbered 13.1 million, representing 32.6 percent of those employed. The industry sector engaged 5.9 million workers or 17.4 percent of total.

Paderanga said earlier this month that the improved performance of the labor market in 2011 bolsters the optimism for a better economy this year.

He said that in 2011, a total of 1.156 million Filipinos joined the ranks of the employed, “largely on the strength of the continued growth in services and the recovery in agriculture, although there was a slowdown in the industry sector.”

The number of jobless Filipinos remained at about 2.9 million as of January, but the unemployment rate eased to 7.2 percent from 7.4 percent in the same month of 2011, the NSO said Thursday.

This is due to similar growth of the labor force—or the number of people 15 years and older who have jobs or are looking for jobs or additional work—and the number of those who are employed.

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Tags: Cayetano W. Paderanga Jr. , Economy , Employment , Jobs , Labor Force Survey , National Economic and Development Authority , National Statistics Office , Unemployment

http://twitter.com/toothpastesales be honest

Its a well-edited version that seems to paint a bright picture to praise the admin.
I hope PDI can print again the WHOLE statistic results again.

From what I read in another newspaper, some of the OMITTED datas are -
” The January 2012 Labor Force survey of the NSO showed that unemployment was highest in National Capital Region ( NCR ) at 12.2 percent and lowest in Cagayan Valley at 2.4 percent. ”
” Employment rate was highest in Cagayan Valley at 97.6 percent. Other regions with high employment rates in January are ARMM 97 percent, MIMAROPA and Zamboanga Peninsula 96.6 percent, SOCCSKSAR0GEN 96 percent .”
” Self employed workers without any paid employee constituted 30.1 percent of those employed in January 2012,”

If we look at the whole picture -
1) unemployment rate is highest in NCR ( which has the higher if not the highest living standard ) at 12.2 percent :
2) unemployment rate is lowest in Mindanao ( which has a lower living standard )
3) the 30.1 percent of self-employed workers ( nearly one third of employed labor force ) seems difficult to justify or verified under this survey. It can easily vary from month to month.
wawa2172

The Noy government is trying to put a different picture on the worsening unemployment scenario in the country. With two sectors formal and informal, Noy admin is giving a false picture that the Filipinos are gainfully employed better than americans. Its a false hood, most of the Filipinos are jobless and they cannot make both ends meet. Sec. Paderanga, places a misleading information and that US is still a most sought destination among Filipino professionals. We are worker exporter, almost in all corner of the world and the remittances is keeping this nation alive. What the government failed to do is to improved the economy to provide job among the Filipino people. Come this April, colleges graduates will be in the thousands and where will this people find jobs. Of course, Sec. Paderanga will be find it difficult to answer because the government is still “noynoying” and so busy with the informal sector called “impensment”. Well, whereto Philippines?
http://profile.yahoo.com/PLLXYREEEFVAVQZZVCLIXVZNDU Mellow

wow ang yaman na pala ng Pilipinas so 1st world na tayo! galing ni PNoy, noy noying lang ng noy noying pero umuunlad ang bansa since mas mababa ang unemployment rate ng Pilipinas kesa America. mas mayaman na tayo sa America pauwiin na lahat ng OFW galing ni Noy noy
http://profile.yahoo.com/PLLXYREEEFVAVQZZVCLIXVZNDU Mellow

“In the Philippines, there are many jobs that ordinarily would not be
thought of as work in developed countries,” Paderanga explained in a
statement. – in tagalog pati nagpupulot ng basura ginawang job ni Paderanga para bumaba ang unemployed. loser!
laguar

The Philippines has also a lower standard of living than the U.S, as well.
CmdrAdobo

wow..this is too much and hard to be believe. In our household alone and my relatives, probably there are 4 out of 5 are jobless?

why do we still see a lot of istambays?

Why do we still hear about robberies and petty crimes that is related to lack of money?
dyslexicmind

Good lord… is this guy for real?
haaay

incredible. (agriculture sector total 13.1 million, representing 32.6 percent of those employed) here in negros, sugar planters (at least majority of them) pay their workers between 100 to 150 a day. (
services sector—representing 7.8 million or 19.3 percent of total employed—were in wholesale and retail trade and repair of motor vehicles and motorcycles) we all know employers hardly implements the rtwpb wage orders. haaay
070844

What a load of rubbish!

1. In the Philippines,if you work just 1 day a month you are considered employed.

2. How do they collect the statistics?
billy espinosa

ang yayabang talaga natinnn…….
sobrang yabang talaga………..

hangang ngayun ginagawa nyu pa rin tanga mga pilipino…

Philippines has lower jobless rate than US

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