This Labor Market Situationer contains data and analyses of the results of the Annual Labor Force Survey (LFS) of the Philippine Statistics Authority (PSA), covering years from 2015 to 2017. It contains data on main labor market statistics such as the country’s working age population, those in the labor force and not in the labor force, number of employed and unemployed persons, and employment and unemployment rates.
The country’s working age population and persons in the labor force significantly increased between 2015 and 2016. However, there was a moderate drop between 2016 and 2017. Meanwhile, the number of those who do not belong to the labor force continued to increase notably from 2015 to 2017.
From 2015 to 2016, the employment rate grew modestly by 0.8%, accompanied by a corresponding drop in unemployment rate by -0.8%. From 2016 to 2017, however, employment rate declined by -0.2%, partnered by a 0.2% increase in unemployment rate.
The last part of this situationer presents some employment challenges that hinder towards the achievement of the decent work agenda of the Administration, followed by recommendations based on the Philippine Development Plan (PDP) 2017-2022.
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Title: PHILIPPINE LABOR MARKET SITUATIONER 2015-2017
Researcher: Cesar A. Mansal