JobHelp Series
6 KINDS OF EMPLOYEES COMPANIES ARE LOOKING FOR
WAYS TO PREPARE YOUNG JOB SEEKERS FOR AN INTERVIEW
MARKET YOURSELF (RESUME TIPS FOR YOUNG JOBSEEKERS)
2023 CITY OF TACURONG LABOR FORCE STATISTICS
The 2023 City of Tacurong Labor Force Statistics provides an insightful overview of the city’s workforce. With a total projected population of 116,731 and 81,996 individuals aged 15 and over, the city has a labor force participation rate of 69.2%, translating to 56,742 individuals actively part of the labor force.
Of this, 55,494 are employed, reflecting a high employment rate of 97.8%, while only 1,249 individuals are unemployed, resulting in a low unemployment rate of 2.2%. However, underemployment remains a concern, with 9,283 individuals (17.7%) seeking additional work or better opportunities. These figures, based on provincial-level data, highlight the city’s labor market dynamics.
Note: The data presented are projections and may be subject to change.
Source: 2023 Annual Provincial Labor Market Statistics-Philippine Statistics Authority
𝗔𝗡𝗡𝗨𝗔𝗟 𝟮𝟬𝟮𝟯 𝗟𝗔𝗕𝗢𝗥 𝗙𝗢𝗥𝗖𝗘 𝗦𝗧𝗔𝗧𝗜𝗦𝗧𝗜𝗖𝗦 𝗜𝗡 𝗧𝗛𝗘 𝗖𝗜𝗧𝗬 𝗢𝗙 𝗧𝗔𝗖𝗨𝗥𝗢𝗡𝗚
The Philippine Statistics Authority released the 2023 Annual Provincial Labor Market Statistics (Preliminary Results) in November 2024. This report includes labor force data and statistics at the provincial level across all regions in the Philippines. Using the provincial data from Sultan Kudarat, labor market statistics at the city level were estimated. Additionally, the city’s population data were derived from the projected population growth rate of 2.26%, based on the recent 2020 Population Census results released by the Philippine Statistics Authority.
From these given data, the following estimations and projections for the labor force in the City of Tacurong were presented. The City of Tacurong, with a projected population of 116,731 for the year 2023, contributes 2.28% to the total population of Region XII. Out of this population, 81,996 individuals are aged 15 years and older, forming the eligible workforce base. The city’s labor force participation rate is 69.20%, translating to a total labor force of 56,742.
Among them, 55,494 are employed, resulting in a high employment rate of 97.80%, while only 1,249 individuals are unemployed, reflecting a low unemployment rate of 2.20%. Despite the strong employment figures, the city faces an underemployment rate of 17.70%, with 9,283 employed individuals seeking additional or better job opportunities. This data highlights Tacurong’s robust labor market performance, alongside opportunities for improving job quality to address underemployment challenges. It should also be noted that the data and figures presented are only estimations and projections and are subject to change.
𝗦𝗼𝘂𝗿𝗰𝗲𝘀:
Philippine Statistics Authority and LGU-Tacurong City Planning Office
Philippine Statistics Authority. (2024, November 14). 2023 Annual Provincial Labor Market Statistics (Preliminary Results).https://psa.gov.ph/sta…/labor-force-survey/node/1684065368
JULY 2024 PHILIPPINES LABOR FORCE SURVEY
According to the most recent Labor Force Survey report from the Philippine Statistics Authority (PSA) in July 2024, the nation’s employment rate was 95.3 percent, up from 95.1 percent of July 2023. There are currently 47.7 million Filipinos working, up from 49 million at the beginning of the employment period. The number of unemployed people was approximately 2.3 million compared to 2.2 million last July 2023, while the unemployment rate decreased from 4.9% in July 2023 to 4.7%. The Labor Force Participation Rate (LFPR) increased from 60% in July 2023 to 63.5%. The total population of 15 years old and older was reported at 78.8 million people. The total labor force for this year is at 50 million, who were either employed or jobless.
In June 2024, the LFPR was reported to be 51.90 million Filipinos aged 15 and over, who were either employed or jobless. In June 2023, there were 51.17 million people in the labor force who were 15 years of age or older; in May 2024, there were 50.97 million.
The estimated number of underemployed people, or those who wish to work longer hours at their current job or in a new position with longer hours, was 5.7 million, corresponding to an underemployment rate of 12.1%.
As of July 2024, the Cordillera Administrative Region (CAR) holds the highest employment rate in the Philippines, recorded at 97.7%. In contrast, the National Capital Region (NCR) has the highest unemployment rate at 6.5%. SOCCSKSARGEN stands out with the highest underemployment rate in the country, reaching 29.3%.
JULY 2024 LABOR FORCE SURVEY IN SOCCSKSARGEN
The Philippine Statistics Authority’s Labor Force Survey for Region XII in July 2024 provides an updated snapshot of the labor market in the region.
The total population aged 15 and over in Region XII is estimated at 3.12 million, a slight increase from 3.07 million in July 2023. The Labor Force Participation Rate (LFPR) stands at 66.2%, translating to a labor force of 2.06 million people.
Employment in the region remains robust, with an employment rate of 95.7%. While this is slightly lower than the 96.3% recorded in July of the previous year, it still accounts for 1.97 million employed individuals as of July 2024. The unemployment rate, however, has risen to 4.3%, up from 3.7% in July 2023, with 89,462 people currently unemployed.
The region also faces a significant underemployment challenge. Around 500,000 individuals are employed but are either seeking additional work hours or new job opportunities with longer working hours. This brings the underemployment rate in Region XII to 29.3% as of July 2024.
REFERENCES
Philippines Statistics Authority. (July 2024). Table 4- Total population 15 years old and over and rates of labor force participation employment. https://psa.gov.ph/statistics/labor-force-survey/press-release/stat-tables