Over 2.20 million part of the total workforce population in Davao Region
Davao Region's total population 15 years old and over for January 2022 was estimated at 3.69 million. Labor Force Participation Rate (LFPR) during this period was at 59.5 percent, accounting for 2.20 million Davaoeños (see Table 1). This is 3.3 percentage points higher compared to the LFPR of January 2021, equivalent to 158 thousand Davaoeños.
CAR reported the highest LFPR at 65.0 percent on the other hand; BARMM has the lowest rate at 55.6 percent. Eight (8) regions have lower LFPR than the national estimate at 60.5 percent: BARMM, Eastern Visayas, Bicol Region, Central Luzon, NCR, Davao Region, Central Visayas, and Zamboanga Peninsula. Comparing to January 2021's LFPR, Davao Region have the highest increase in terms of percentage points from 56.2 percent to 59.5 percent.
95.2% of the economically active population in Davao Region were employed
Davao Region’s employment rate in January 2022 stood at 95.2 percent. This is an estimated decrease of 42 thousand Davaoeños with work compared to October 2021. The estimated rate, however, is higher than the reported 94.6 percent in January 2021. In addition, Davao Region's employment rate for January 2022 attained higher than the national estimate of 93.6 percent by 1.6 percentage points.
As Figure 2 shows, nine (9) regions recorded higher than the national rate which includes Cagayan Valley, SOCCSKSARGEN, Western Visayas, Davao Region, Zamboanga Peninsula, Northern Mindanao, CAR, Caraga, and Central Luzon. Cagayan Valley has the highest employment rate among all regions at 95.7 percent which is 2.1 percentage points higher than the national estimate. Central Visayas showed the highest decrease of 1.05 percentage points from October 2021 at 93.0 percent to January 2022 at 92.0 percent.
Unemployment rate of Davao Region is at 4.8%
In January 2022, Davao Region, posted an unemployment rate at 4.8 percent. This is lower compared to October 2021 unemployment rate (5.5 percent) and same period of last year (5.4 percent).
Figure 3 shows unemployment rates in eight (8) areas of the country reportedly higher than the national estimate of 6.4 percent in January 2022: Central Visayas, Bicol Region, BARMM, CALABARZON, NCR, Ilocos Region, Eastern Visayas, and MIMAROPA.
Davao Region’s Underemployment rate in the country is at 11.0%
Underemployed persons or employed persons who: expressed their desire to have additional hours of work in their present job or to have additional job, or to have a new job with longer hours of work. 11.0 percent of total employed Davaoeños reported to be underemployed in January 2022. The underemployment rate for January 2022 is higher by 3.3 percentage points than October 2021 (7.7 percent) and also higher compared to the same period last year (9.0 percent) at 0.2 percentage points.
As shown in Figure 4, ten (10) other regions were higher than the national estimate of 14.9 percent: MIMAROPA, Bicol Region, Cagayan Valley, Eastern Visayas, SOCCSKSARGEN, Caraga, CAR, Zamboanga Peninsula, Western Visayas, and Central Visayas. MIMAROPA has the highest underemployment rate with 25.0 percent which is 10.1 percentage points higher than the national estimate.