Over 2.31 million part of the total workforce population in Davao Region

Davao Region's total population 15 years old and over for October 2022 was estimated at 3.72 million. Labor Force Participation Rate (LFPR) during this period was at 62.1 percent, accounting for 2.31 million Davaoeños (see Table 1). This is 0.5 percentage point higher compared to the LFPR of October 2021, equivalent to 51 thousand Davaoeños.

BARMM reported the highest LFPR at 73.9 percent on the other hand; Bicol Region has the lowest rate at 58.7 percent. Seven regions have lower LFPR than the national estimate at 64.2 percent: Ilocos Region, MIMAROPA, Central Luzon, Davao Region, Zamboanga Peninsula, NCR and Bicol Region. Comparing to October 2021's LFPR, BARMM have the highest increase in terms of percentage points from 55.2 percent to 73.9 percent.

Davao Region’s employment rate attained 96.5 percent

Employment rate or the proportion of employed persons to the total labor force in Davao Region is at 96.5 percent in October 2022, lower by 0.6 percentage point from 97.1 percent in July 2022. This is an estimated decrease of 33 thousand Davaoeños with work compared to July 2022. In addition, Davao Region's employment rate for October 2022 attained higher than the national estimate of 95.5 percent by 1.0 percentage point.

As Figure 2 shows, 11 regions recorded higher than the national rate which includes Zamboanga Peninsula, BARMM, CAR, Eastern Visayas, Davao Region, SOCCSKSARGEN, Cagayan Valley, Northern Mindanao, Caraga, Ilocos Region and Bicol Region. Zamboanga Peninsula has the highest employment rate among all regions at 98.0 percent which is 2.5 percentage points higher than the national estimate. BARMM showed the highest increase of 3.1 percentage points from July 2022 at 94.4 percent to October 2022 at 97.5 percent.

Unemployment rate was recorded at 3.5 percent

In October 2022, Davao Region posted an unemployment rate at 3.5 percent. This is higher compared to July 2022 unemployment rate (2.9%) and it is similarly lower than the national estimate of 1.0 percentage point.

Figure 3 shows unemployment rates in six areas of the country reportedly higher than the national estimate of 4.5 percent in October 2022: Central Visayas (5.8%), CALABARZON (5.7%), NCR (5.6%), MIMAROPA (5.2%), Western Visayas (5.1%) and Central Luzon (4.7%).

Davao Region’s Underemployment rate in the country is at 7.8 percent

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. In October 2022, 7.8 percent of total employed Davaoeños reported to be underemployed. The underemployment rate for October 2022 is lower by 0.1 percentage points than July 2022 (7.7%).

As shown in Figure 4, ten other regions with underemployment rate higher than the national estimate of 14.2 percent: SOCCSKSARGEN, Bicol Region, Eastern Visayas, Zamboanga Peninsula, MIMAROPA, Caraga, Cagayan Valley, CALABARZON, Western Visayas and Central Visayas. SOCCSKSARGEN has the highest underemployment rate with 24.0 percent which is 9.8 percentage points higher than the national estimate.

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