The unemployment rate in October 2020 eases to 8.7%, according to the Philippine Statistics Authority (PSA). The Philippine Statistics Authority’s (PSA) Labor Force Survey (LFS) that was released on Friday showed that April’s figure was significantly […] MANILA — The Philippines ‘ unemployment rate surged to a record 17.7% in April, the statistics agency said on Friday, as millions lost their jobs due to a pandemic-induced lockdown that battered the economy.. There are 4.2 million jobless Filipinos as of February 2021, an increase of about 234,000 compared to the previous month, the Philippine Statistics Authority reported on Tuesday (March 30). National Statistician Dennis Mapa said this is the highest unemployment rate on record. Philippines unemployment rate for 2018 was 2.34%, a 0.21% decline from 2017. The number of persons in the labor force in CALABARZON could be placed at 7.2 million of the estimated 11.2 million population 15 years old and over in July 2020 (See summary statistics).This translates to a labor force participation rate (LFPR) of 63.9 percent, which means that six hundred thirty-nine in one thousand of the population aged 15 years and over were either employed or unemployed. Unemployment refers to the share of the labor force that is without work but available for and seeking employment. In Metro Manila alone, the unemployment rate rose to 15.8 percent in July 2020 … THE enhanced community quarantine (ECQ) is likely to push the Philippines’ unemployment rate to its highest in 13 years, Japan’s global investment bank Nomura warned on Monday. The annual unemployment rate in 2020 reached a record-high 10.3% versus the 5.1% in 2019. Unemployment rate, at 17.7 percent, is at an all-time high since 1956 when the government first conducted the nationwide Labor Force Survey. This is higher than the unemployment rate of the same month a year ago placed at 5.4 per cent, but lower than the record high 17.7 per cent during April 2020,” the Philippine National Statistician Dennis Mapa said in a virtual media briefing. Subscribe Topics: Preliminary results of the 2020 Annual Estimates of Labor Force Survey showed that the unemployment rate rose to 10.3 percent, accounting for 4.5 million unemployed Filipinos. The Philippines is seen booking the highest unemployment rate in Southeast Asia, with about eight million Filipinos expected to lose their jobs as … The total number of jobless Filipinos was … AROUND 4.6 million Filipinos, or 10 percent of the active workforce, were unemployed in July 2020, the Philippine Statistics Authority (PSA) announced Thursday, September 3, 2020. In terms of magnitude, around 4.0 million Filipinos 15 years old and over were unemployed in January 2021 compared to 2.4 million in January 2020. About 2,500 Filipinos leave the country on a daily basis to seek for greener pastures abroad and better provide for the needs of the family, notwithstanding the social impact of this Filipino diaspora.. As of January 2019, the unemployment rate in the country is at 5.2 percent.In comparison with our Asia-Pacific neighbors, … The February unemployment rate is the third highest since April 2020 — the highest unemployment rate registered at 17.6% during the peak of strict nationwide lockdown to contain the spread of COVID-19. Though Philippines unemployment rate fluctuated substantially in recent years, it tended to decrease through 2001 - 2020 period ending at 10.4 % in 2020. The Philippines has long been a labor exporting market. The number was nearly double the roughly 2.4 million unemployed Filipinos, or 5.4 percent unemployment rate… “[Nasa] 3.8 milyong Pilipino na nasa labor force ay walang trabaho o negosyo nitong nakaraang October 2020. This is equivalent to 3.8 million adult Filipinos without jobs or a source of income during the period. Unemployment Rate in Philippines remained unchanged at 8.7 % in the first quarter of 2021. There were 3.8 million jobless Filipinos at the end of October, the Philippine Statistics Authority said Thursday, as the unemployment rate eased with the careful and gradual reopening of the economy from COVID-19 quarantines that spanned nearly the entire of 2020.. From April 2020, with a 17.6% unemployment rate, the number of unemployed Filipinos continued to drop to 10% in July and 8.7% in October. Employment Rate in Philippines decreased to 91.25 percent in the first quarter of 2021 from 91.27 percent in the fourth quarter of 2020. The labor force participation rate in January was better compared to the lows seen in April and October 2020. That puts the unemployment rate at 8.8 percent for February, which is higher than in January 2021 and October 2020, both with 8.7 percent. The Philippine Statistics Authority however said it was still the 5th worst participation rate since April 2005, when the Philippine government adopted the current definitions for employed and unemployed persons. The number of persons in the labor force in CALABARZON could be placed at 6.4 million of the estimated 11.0 million population 15 years old and over in April 2020 (See summary statistics).This translates to a labor force participation rate (LFPR) of 58.3 percent, which means that five hundred eighty-three in one thousand of the population aged 15 years and over were either employed or unemployed. In December 2020, National Statistician Claire Dennis Mapa reported that the unemployment rate of 8.7% was recorded in October 2020. In the Philippines, the unemployment rate in January 2021 remained the same as the October 2020 rate of 8.7 percent. This is the lowest since April 2020 but higher than the January 2020 rate of 5.3 percent. Unemployment rate also dropped quickly to 8.7 percent. “Unemployment rate rose to 17.7%, equivalent to 7.3 million unemployed Filipinos in the labor force in April 2020,” National Statistician Claire Dennis Mapa said Friday. This is equivalent to 4.5 million Filipinos who do not have jobs, but are looking for one. “(The Philippines’) unemployment rate in July 2020 was estimated at 10 per cent. The country’s unemployment rate ballooned to 17.7 percent in April, the highest recorded since the 8.4-percent rate in 2005, as the lockdown to contain the coronavirus disease (Covid-19) forced the closure of thousands of businesses. In the fourth quarter of 2020, our economy performed better with a smaller GDP contraction of -8.3 percent. Employment Rate in Philippines averaged 91.35 percent from 1991 until 2021, reaching an all time high of 95.46 percent in the fourth quarter of 2019 and a record low of 82.32 percent in the second quarter of 2020. MANILA, Philippines (3rd UPDATE) – Unemployment soared to 17.7% in April 2020, equivalent to around 7.3 million jobless Filipinos amid the coronavirus pandemic, the Philippine Statistics Authority (PSA) announced on Friday, June 5. Philippines unemployment rate for 2019 was 2.15%, a 0.19% decline from 2018. This puts the March unemployment rate at 7.1%, the lowest since the 5.3% in January 2020, as well as the record-high 17.6% posted in April 2020. In 2020, unemployment rate for Philippines was 10.4 %. This brings the full-year GDP contraction to -9.5 percent, which is at the low end of the DBCC estimate of -8.5 to -9.5 percent for 2020. Unemployment rate can be defined by either the national definition, the ILO harmonized definition, or the OECD harmonized definition. This brought the country’s unemployment rate to 10.2 percent in 2020, based on the latest Labor Force Survey of the Philippine Statistics Authority, DOLE Assistant Secretary Dominique Tutay said during the Laging Handa briefing Friday. The unemployment rate in October was at 8.7%, from 10% in July and 17.6% in April. The PSA reported a 10 percent unemployment rate among Filipinos aged 15 and up, easing from 17.7 percent in April although still higher than the 5.4 percent level a year ago. “This is a record high in the unemployment rate reflecting the effects of economic shutdown to the Philippine labor market, due to COVID-19,” Mapa said. Compared with October 2019, this year’s unemployment rate was higher than 4.6 percent a year ago, or 2 million jobless people six months before the pandemic spread to the Philippines. September 3, 2020 The labor market is improving, but the government needs to continue its efforts in containing the spread of the COVID-19 pandemic and supporting affected workers and firms to revive the economy, the National Economic and Development Authority (NEDA) says. The Philippines’ unemployment rate rose to 17.7% accounting to 7.3 million unemployed Filipinos in the labour force in April 2020, according to the Philippine Statistics Authority. The country’s unemployment rate eased to 10% in July, down from 17.7% in April, the Philippine Statistics Authority reported Thursday. A version of this article appeared in the print edition of The Straits Times on June 06, 2020, with the headline 'Philippines' unemployment rate at record high in April'. This corresponded to 7.1 million Filipinos employed as of July 2020 but were still looking for additional work to supplement their income compared with 6.4 million in April 2020 and 5.8 million in July 2019. 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