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Employment News

16.5 Million Filipinos Are Self Employed


Date Posted: Jun 11, 2009

According to the Bureau of Labor and Employment Statistics (BLES) chief, Teresita Peralta, half of the 33 million workforce in the country or 16.5 million are self employed.

 

Peralta says that the informal sector reached 16.5 million in 2009, due to the effect of the worldwide economic crisis. The National Statistics Office on the other hand says that 10.5 million Filipinos were self employed and 1.3 million of them runs a family business.

 

Peralta says that based on the BLES survey, most of the self employed are displaced employees from companies that shut down because of financial problems.

 

"We now see an increase in the number of workers in the informal sector and our initial findings show that at least 50 percent of the total (labor force) are now self-employed," Peralta explained

She added, "We have a large economy and it is during this crisis that our informal sector comes to the fore." The BLES chief believes that the increasing number of self- employed workers shows the importance of the informal sector in keeping the economy stable and the unemployment rate to a manageable level.

Based on the first quarter of 2009, the unemployment rate was recorded at around 7.7 percent, and the government agency expects the final rate of unemployment for April to be at the same level.

To ease the problem in employment, the Department of Labor and Employment (DOLE) continuously launch job fairs to reach out to millions of job seekers and to help laid-off workers.

The DOLE with the help of private and government owned agencies will be giving 105,000 job opportunities to all jobseekers this coming June 12-14 at the Kalayaan Job Fair 2009 at Luneta Park Grandstand, Manila.

 

 

 

 

 

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