MANILA, Philippines – The number of jobless Filipinos in the country hit 8.7 percent in April, the Philippine Statistics Authority (PSA) said Tuesday.
This translates to 4.14 million unemployed Filipinos for the month, the PSA said, adding that this is about the same level as the rate reported in the previous quarter or the data from January and February 2021.
Data from the PSA showed that unemployment rate in January was at 8.7 percent and 8.8 percent in February 2021.
It, however, noted that the latest unemployment rate is substantially lower than the record-high 17.6 percent in April last year but higher compared to the 7.1 percent posted in March 2021.
The agency also reported that the labor force participation rate (LFPR) in April 2021 was placed at 63.2 percent, translating to 47.41 million who are either employed or unemployed.
“This is higher than the LFPR in the same quarter last year at 55.7 percent but lower than the LFPR a month ago at 65.0 percent,” the PSA said in a statement.
“In terms of magnitude, there was a year-on-year increment of 6.35 million persons in the labor force from the 41.06 million in April 2020,” it added.
Underemployment rate, on the other hand, was recorded at 17.2 percent in April 2021, higher than the January 2021 estimate of 16.0 percent, the PSA said.
This translates to about 7.45 million underemployed persons in April 2021, up from 6.59 million in January 2021, it added.
The PSA said the imposition of lockdown restrictions due to the coronavirus pandemic contributed to the unemployment rate in the Philippines.