With no end in sight for the coronavirus disease 2019 (Covid-19), the number of Filipinos with no work increased by 234,000 in February this year, the Philippine Statistics Authority (PSA) said on Tuesday.
National Statistician Claire Dennis Mapa said that based on the results of the latest Labor Force Survey (LFS), a total of 4.2 million Filipinos have no jobs, which is higher than the 4.0 million recorded in January this year.
With those figures, the country’s unemployment rate was 8.8 percent as of February that is slightly higher than the 8.7 percent of January.
Before the Covid-19 pandemic, the country’s unemployment rate was hovering between 5 and 6 percent.
Meanwhile, the Labor Force Participation Rate (LFPR) during the month was at 63.5 percent, accounting for 47.3 million Filipinos 15 years and over who were part of the labor force, which is up from the 60.5 percent LFPR in January.
Mapa said the impact of the ongoing enhanced community quarantine (ECQ) on the unemployment rate will be reflected in the PSA’s survey for April.
“Starting this February 2021, the monthly LFS will be conducted in between the regular LFS in order to come up with high frequency data on labor and employment as a basis for policy-making and planning, especially those related to the Covid-19,” said Mapa. SOVEREIGNPH