The country’s unemployment rate slightly went down to 4.2 percent in October 2023 from 4.5 percent in September, the Philippine Statistics Authority (PSA) said Thursday, December 7, 2023.
Philippines unemployment rate eases to 7.1% in March 2021
May 6, 2021 9:20 AM PHT
The Philippines unemployment rate went down to 7.1% in March 2021, translating into some 3.44 million Filipinos with no jobs, the Philippine Statistics Authority (PSA) said on Thursday, May 6.
The latest unemployment figure in the labor force survey is lower than the 8.8% recorded in February 2021, which was equivalent to 4.2 million Filipinos.
It is also the lowest unemployment rate since April 2020 s 17.7%, the highest ever on record.
Meanwhile, the underemployment rate or the percentage of the working population looking for more hours of work stood at 16.2%, equivalent to 7.34 million individuals. This is lower than the 18.2% or 7.9 million people recorded in February 2021.