Gelo
Gelo
Gelo
Underemployment
Rate (%) 18.4 18.5 17.9 17.8 21.0 17.6 19.7 18.4 17.3
Visible
Underemployment 11.3 10.9 11.2 11.6 10.8 10.1 10.3 10.5 9.6
Rate (%)
Unemployment Rate
(%) 6.6 6.3 9.0 6.4 6.5 5.6 5.8 6.1 5.4
Employment
Generation 1,253a 183b 1037c 494 (106)d 160e NA NA NA
a b c d e NA NA
Employment Growth 3.4 0.5 2.8 1.3 (0.3) 0.4 NA
Definitions:
Labor Force- population 15 years old and over who are either employed or unemployed.
Employed- persons 15 years old and over who, during the reference week, were reported at
work for at least an hour.
Unemployed- persons 15 years old and over without work or had no job/business, looking or
seeking work, and available for work during the reference week
Underemployed- employed persons who want additional hours of work in their present job, or
to have additional job, or to have a new job with longer working hours.
Visibly Underemployed- underemployed persons who worked for less than 40 hours during the
reference week.
Invisibly Underemployed- underemployed persons who worked for 40 hours or more during
the reference week.
Employment Generation- year-on-year incrremetal change in employment.
Consumer Price Index
The consumer index (CPI) is the measure that summarizes the changes in the level of
prices. It is a useful tool in indicating price changes and measuring inflation.
Using the consumer price index, inflation can be computed as:
Look at Table 10.10 as an example. It shows a hypothetical consumer price index from 2000 to
2006.
Table 10.10
Year CPI
2000 5.2
2001 6.3
2002 6.5
2003 7
2004 8.2
2005 9
2006 9.6
The inflation rate from the example above simply means that anything we bought in
2005 has increased its average price by 9.76% from 2004.
Table 10.11 shows actual inflation rates of the Philippines from 1995 to 2010 based on
the National Statistics Office (NSO). The highest rate so far was in August 2008 at 12.4%
inflation; the lowest was in August 2009, with an average inflation rate of 0.1%.
Table10.11 Year-on Year Inflation Rates in the Philippines. All items January 2005-September
2010)
Year
Month
2005 2006 2007 2008 2009 2010
January 8.4 6.7 3.9 4.9 7.1 4.3
February 8.5 7.6 2.6 5.4 7.3 4.2
March 8.5 7.6 2.2 6.4 6.4 4.4
April 8.5 7.1 2.3 8.3 4.8 4.4
May 8.5 6.9 2.4 9.5 3.3 4.3
June 7.6 6.7 2.3 11.4 1.5 3.9
July 7.1 6.4 2.6 12.3 0.2 3.9
August 7.2 6.3 2.4 12.4 0.1 4
September 7 5.7 2.7 11.8 0.6 3.5
October 7 5.4 2.7 11.2 1.6
November 7.1 4.6 3.2 9.9 2.8
December 6.7 4.3 3.9 8 4.3
Average 7.6 6.2 2.8 9.3 3.2