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RNG Bank Salary Loan Table for DepEd Teachers

Salary Loan Table - RNG Coastal Bank RNG Bank offers salary loan for permanent DepEd teaching and non-teaching staff thru Automatic Payroll Deduction System (APDS). Features: 📍LOW INTEREST RATE 📍LOAN AMOUNT UP TO 500,000 📍5 YEARS MAXIMUM LOAN TERM 📍NO HIDDEN CHARGES 📍NO NEED TO GO TO THE OFFICE A Bank that is built with trust and integrity and committed to provide quality and safe banking services to its existing and future clients, RNG Coastal Bank, Inc . is a banking institution established in the year 1974. The Bank has 15 operating branches in the Visayas, 11 in Cebu and 4 in Bohol. Providing various financial products and services to its clients for almost 50 years, RNG Coastal Bank remains strong and continuously grows its number of branches to reach more Filipinos. Here are the branches of RNG Coastal Bank: RNG Coastal Bank Head Office Cor. Cabancalan Road, Talamban, Cebu City 6000 Labangon Branch Punta Princesa, (Labangon) Cebu City Asturias Branch Poblacion, Asturias, Ce...
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Philippines Labor Market Shows Positive Signs in April 2024

The latest Philippine Statistics Authority (PSA) Labor Force Survey results for April 2024 paint a cautiously optimistic picture of the country's labor market. Here are the key takeaways:

Unemployment Down:

  • The unemployment rate fell to 4.0%, a significant improvement compared to 4.5% in both April 2023 and January 2024.
  • This translates to a decrease in the number of unemployed individuals, with 2.04 million Filipinos actively seeking work in April 2024, down from 2.26 million a year earlier.

Employment Up:

  • The employment rate rose to 96.0%, indicating more Filipinos are finding jobs.
  • The number of employed individuals reached 48.36 million, exceeding figures from April 2023 (48.06 million) and January 2024 (45.94 million).

Labor Participation Dips Slightly:

  • The labor force participation rate (LFPR) decreased to 64.1%, compared to 65.1% in April 2023. This might be due to more young people choosing to pursue education.

Working Hours:

  • The average workweek increased to 40.5 hours, higher than April 2023 (36.9 hours) but lower than January 2024 (42.1 hours).

Underemployment on the Rise:

  • Despite a decrease in unemployment, underemployment rose to 14.6%, indicating a need for more quality jobs with sufficient hours.

Industry Trends:

  • The services sector remains dominant, employing 61.4% of the workforce.
  • The biggest employment gains occurred in accommodation & food service (+638,000), construction (+378,000), transportation & storage (+289,000), and manufacturing (+285,000) compared to April 2023.
  • Agriculture and forestry saw the sharpest decline in employed individuals (-818,000).

Regional Variations:

  • Unemployment rates differed across regions, with Region V (Bicol) having the highest (5.4%) and Region IX (Zamboanga Peninsula) the lowest (2.3%).

Youth Labor Market:

  • The youth LFPR and employment rate decreased slightly.
  • The proportion of youth not in education, employment, or training (NEET) increased, highlighting the need for targeted programs.

Overall:

The April 2024 labor market data suggests a positive trend with decreasing unemployment and increasing employment. However, underemployment remains a concern, and disparities exist across sectors and regions. Continued government efforts are crucial to create more quality jobs and address the needs of young Filipinos entering the workforce.

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