Connect with us

Hi, what are you looking for?


Unemployment rate eases in March

THE COUNTRY’s jobless rate in March fell to its lowest level since the start of the coronavirus pandemic, the Philippine Statistics Authority (PSA) reported this morning.

Preliminary results of the PSA’s March 2021 round of the Labor Force Survey (LFS) showed around 3.441 million unemployed Filipinos, down from 4.187 million and 3.953 million in the February and January LFS rounds, respectively.

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.

The underemployment rate — the proportion of those already working — but still looking for more work or longer working hours, improved to 16.2% in March from 18.2% in February and 16% in January.

This translates to 7.355 million underemployed Filipinos, less than the 7.850 million in February. However, this was higher than the 6.589 million recorded in the January LFS round.

The size of the labor force was approximately 48.772 million in March, up from 47.341 million in February and 45.201 million in January. This brought the labor force participation rate (LFPR) to 65% in March, the highest since the 65.2% posted in April 2014.

The employment rate — the proportion of the employed to the total labor force — was recorded at 92.9% in March. This was higher than the 91.2% rate in February and 91.3% in January. In absolute terms, this was equivalent to 45.332 million in March versus 43.153 million and 41.248 million in February and January, respectively.

The PSA noted the LFS for March was conducted from March 8 to 27, days before the government put Metro Manila, Bulacan, Rizal, Laguna, and Cavite on the enhanced community quarantine — the strictest form of lockdown — in reaction of renewed surge in coronavirus cases. — Ana Olivia A. Tirona

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!



Leading digital solutions platform Globe was recently recognized by the ASEAN Innovative Business Platform (AIBP) for being a trailblazer on environmental, social, and governance...


  Spotlight is BusinessWorld’s sponsored section that allows advertisers to amplify their brand and connect with BusinessWorld’s audience by enabling them to publish their...


NEW TAXES may have to be introduced to fund the incoming Marcos administration’s priority projects, but the timing would have to be carefully considered,...


By Revin Mikhael D. Ochave, Reporter AS FERDINAND R. MARCOS, JR. is poised to assume office on June 30, business groups are hoping the...


THE PHILIPPINES may find it more costly to service its foreign debts, as the peso slumped to its weakest value against the US dollar...


By Arjay L. Balinbin, Senior Reporter SPECTRUM USER FEES (SUF), which telecommunications companies described as excessive, are unlikely to be lowered under the Marcos...

You May Also Like


Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...


Ivermectin, an existing drug against parasites including head lice, has had a checkered history when it comes to treating COVID-19. The bulk of studies...


Insomnia is the most common sleep disorder in the global population. Therefore, it is a problem that many people suffer or have suffered throughout...


As a traditionally rigid insurance industry becomes bogged down by antiquated processes and operations, a handful of industry leaders are seeking to shake things...

Disclaimer:, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.