Employment seems brighter and brighter for 2010.
According to the recent survey conducted by the National Statistics Office (NSO), the number of employed persons in January 2010 rose by 5 percent to 36 million, compared to 34.3 million in January 2009.
The NSO said that the current employment rate is at 92.7 percent, which is slightly higher than last year at 92.3 percent.
However, the number of jobless Filipinos rose in January from October as the economy failed to generate enough jobs for a growing workforce.
The jobless rate rose to 7.3% from 7.1% in October, though it was lower than the 7.7% posted in January last year.
The labor force survey, conducted at the start of every quarter, showed that the actual number of unemployed was 2.83 million, rising from 2.72 million in October, as the country's workforce grew to 60.2 million from 59.7 million in October.
Out of the estimated 60.2 million population 15 years old and over in January 2010, around 38.8 million persons were reported to be in the labor force. This figure placed the January 2010 labor force participation rate (LFPR) at 64.5 percent, increasing by 1.2 percentage points from last year's estimate of 63.3 percent.
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