The month of April saw the number of unemployed Filipinos shooting up to 4.14 million as the stricter quarantine restrictions to contain the coronavirus disease 2019 (Covid-19) curtailed business activities.
The unemployment figure for March was 3.44 million.
In a briefing on Tuesday, Philippine Statistics Authority (PSA) head Claire Dennis Mapa said that based on the latest Labor Force Survey (LFS), the number of out-of-work individuals translates to an unemployment rate of 8.7 percent, which is higher than the 7.1 percent of March.
But April’s unemployment figure was lower than the 7.23 million recorded in the same month last year, which saw the country went into massive lockdowns due to Covid-19.
Metro Manila, Bulacan, Cavite, Laguna, and Rizal were placed under the modified enhanced community quarantine (MECQ) for the most part of April, which Mapa said increased the unemployment rate.
As for the Labor Force Participation Rate (LFPR), it declined from 65 percent in March to 63.2 percent in April. In April last year, the LFPR was 55.7 percent.April’s LFPR figure meant that 47.41 million Filipinos 15 years and over were in the labor force, which is down from the 48.77 million in March but higher than the 41.06 million in April last year.
Meanwhile, the employment rate was at 91.3 percent, down from 92.9 percent in March but up from the 82.4 percent a year ago. This translates to 43.2 million Filipinos employed, but lower than the 45.33 million of March but higher than last year’s 33.8 million. SOVEREIGNPH