Cagayan Valley tops employment rate nationwide

June 9, 2009 12:05 pm 

TUGUEGARAO CITY, June 9 – The Cagayan Valley Region ranked first in employment rate compared to other regions in the recent labor force survey nationwide conducted by the National Statistics Office (NSO).

In the survey, Cagayan Valey obtained 97.1 percent of the total labor force followed by Region 9 with 96.94 percent and the Autonomous Region for Muslim Mindanao with 96.90 percent while National Capital Region showed the lowest percentage of 87.2 percent.

The survey result showed that more than half of the people in the region were employed in the agriculture sector with 59.5 percent, 33.3 percent in the service sector and 7.2 percent in the industry sector.

However, the survey also showed that in Cagayan Valley, underemployment is increasing as compared to previous years but the regions that have the highest rates are the Western Visayas and Bicol Regions while NCR registered with the lowest rate. Underemployed persons are those who work less than 40 hours in a week and want additional hours of work.

The working age population also increased and it continuously grew from quarter to quarter in the survey period. However, the number of full time workers has declined while part-time workers continued to increase.

The labor force survey is a nationwide survey of households conducted regularly to gather data on the demographic and socio-economic characteristics of the population that aims to provide quantitative framework for the preparation of plans and formulation of policies affecting the labor market. (PNA) LAP/SCD/Oliver T. Baccay/mba

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