MANILA, Philippines — Around 3.8 million Filipinos aged 15 years old and above are unemployed as of October this year, according to the Philippine Statistics Authority (PSA).
PSA said this is equivalent to an 8.7 percent unemployment rate in October, which is slightly lower than the 10 percent recorded in July and 17.6 percent in April this year.
However, it is still higher than the 4.6 percent unemployment rate recorded in October 2019.
Meanwhile, the labor force participation rate (LFPR) in October 2020 was 58.7 percent, or 43.6 million Filipinos reported as either employed or unemployed.
“This is the second-lowest LFPR reported in the history of the Philippine labor mark…
Keep on reading: PSA says 3.8M Filipinos jobless as of October