According the report, underemployment (those persons that desires additional hours of work) also dropped to 11.3 percent in 2007, the second lowest among the country's 17 regions. In 2006, region 7's underemployment rate hit 17.8 percent.
Nationwide unemployment also dropped to 6.3 from 7.3 percent. Among the regions, only the NCR recorded a double-digit unemployment rate of 10.6 percent, the highest among the regions, said the NSO report.
According to the report, more than half of those unemployed nationwide were men at 63.5% and 46.2% of all jobless persons had attended high school. Those that managed to reach college were not also better off, they accounted for 39.5% of the unemployed.
The Cagayan Valley region reported to have the highest employment rate at 97.7 percent. Central Visayas has 94.1 percent, lower than the employment rates reported in the Zamboanga Peninsula, Eastern Visayas and the Autonomous Region in Muslim Mindanao, among others,
The report further said that of the estimated 35.9 million people in the country's labor force, 93.7 percent were employed or 9 out of 10 persons were employed.
Laborers, unskilled workers, farmers and fishers make up about half of all workers. Nearly 50% (48.8) were in the services sector; 36.1% were in the agriculture and the rest, 15.1% were in the industry sector, the NSO report went on.
Finally, about 6.1 million of all workers were underemployed, placing the national underemployment rate at 18.1% in 2007 or lower than the 2006 estimates of 20.4 percent. (PIA)
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