Diversified conglomerate San Miguel Corp., the country's biggest business group, is going full blast in its expansion into the extractive industry
BETTER JOBS. Millions of Filipinos flock to job fairs in the hope of landing quality jobs every year. Photo by AFP.
MANILA, Philippines - Roughly 1/5th of employed Filipinos said they wanted to work additional hours on top of their present job, according to a January 2013 Labor Force Survey released by the National Statistics Office.
Even as the number of jobless Filipinos stayed relatively level at 7.1% from 7.2% in January 2012, the unemployment rate was not only stubbornly high but also increased. The underemployment rate rose to 20.9% of the employed population or 7.93 million in January, up from 18.8% or 7.02 million in January of 2012.
According to the NSO survey, 42.3% of the underemployed work in the service sector, while 41.8% work in the agriculture sector.
Socioeconomic Planning Secretary Arsenio Balisacan said the problem in agriculture could be addressed by increasing demand. “This can be done by developing more by-products from the same agricultural output, or further processing the output so that it can be sold in the urban areas,” said Balisacan.
The Labor Force Survey showed that as of January:
- Rappler.com
Diversified conglomerate San Miguel Corp., the country's biggest business group, is going full blast in its expansion into the extractive industry
Two of the country's biggest business groups have added a new battleground for their -- and their Asian tycoon principals' -- intersecting interests