Monday, May 10, 2021

Central Luzon unemployment rate improves to 8.7% in 1st quarter

May 2, 2021 @ 12:08
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Unemployment rate in Central Luzon improved to 8.7 percent in the first quarter of 2021 from 13.1 percent in the same period last year, according to the Department of Labor and Employment.

In a Punto Central Luzon report, DOLE regional director Geraldine Panlilio noted that the 2020 figure was still considered too high for the region as many business establishments were forced to close shop amid the pandemic.

Some 51 establishments in the region closed permanently in the first quarter of this year, compared to 247 in the same period last year, according to DOLE.

“As expected, because of the Covid-19 pandemic, the businesses struggled. Few companies have closed, others laid off their workers so the employees are really affected,” Panlilio was quoted as saying in the report.

“Others implemented flexible work arrangements so their working hours are lessened, lowering their employees’ take-home pays,” she said.

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