Tuesday, February 7, 2023

Calabarzon sees employment growth as economy continues to recover from pandemic

CALAMBA CITY, Laguna (PIA) — More than two years into on and off economic activities, Calabarzon is finally seeing consistent improvement in the labor and employment sector, which has been greatly affected by the COVID-19 pandemic.

The National Economic and Development Authority (NEDA) Region IV-A reported Thursday, April 21, that the region’s labor and employment situation has improved during the first quarter of this year.

Economic Development Specialist Jennylyn Jucutan, during the Regional Task Force Inter-Cluster Meeting, said the labor participation rate is at 62.2 percent, at least 2 percent higher than the national rate of 60.5 percent.

This figure manifests the Calabarzon’s labor sector recovery despite the continued retrenchments and shutdowns among establishments in the region, as recorded by the Department of Labor and Employment (DOLE) Region IV-A.

The employment rate also improved to 92.6 percent compared to 89.7 percent in the previous quarter and 86.8 percent in the first quarter of 2021.

Jucuatan also reported that the percentage of unemployed Filipinos in the region plummeted to 7.4 while the underemployment rate dropped to 13.7.

It can be recalled that Socioeconomic Planning Secretary Karl Kendrick T. Chua attributed the significant employment outcomes to increased mobility as the government eased restrictions in more areas in the country.

As of this writing, four of the five provinces in Calabarzon, including Cavite, Laguna, Batangas, and Rizal, have been placed under COVID-19 Alert Level 1 until April 30. — FC, PIA 4A

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