Connect with us

Hi, what are you looking for?


Unemployment, underemployment decline in May

THE COUNTRY’S jobs situation improved in May as the ranks of unemployed and underemployed Filipinos declined during the period, the government’s latest jobs data show.

Preliminary results of the Philippine Statistics Authority’s May 2021 round of the Labor Force Survey released earlier this morning put the country’s unemployment rate at 7.7%, down from the 8.7% recorded in April.

This was the second-lowest unemployment rate recorded since the start of the year, following the 7.1% posted in March.

This was equivalent to 3.730 million jobless Filipinos in May, down from 4.138 million in April.

Likewise, the underemployment rate — the proportion of those already working, but still looking for more work or longer working hours — improved to 12.3% in May from 17.2% in April. This was the lowest underemployment rate since the PSA started tracking jobs figures on a monthly basis this year.

In absolute terms, this equated to 5.492 million underemployed Filipinos in May, lower than the 7.453 million the previous month.

The size of the labor force was approximately 48.446 million in May, up from 47.407 million in April. This brought the labor force participation rate to 64.6% of the country’s working-age population in May from 63.2% the previous month.

The employment rate was recorded at 92.3% in May from 91.3% in April. This was equivalent to 44.716 million people in May from 43.269 million previously.

The service sector made up 57.8% of total employment in May, inching up from the 57.4% cited in April. The industry sector likewise saw its employment rate slightly improve to 18.4% during the period from 18.2%.

Meanwhile, agriculture had an employment rate of 23.8%, down from 24.4%. — 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Your email address will not be published.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!



Lowering VAT charges on fuel may be politically attractive but is not good news for those who will struggle the most, say leading tax...


An estimated 3 per cent of the workforce was signed off in late December and a fifth of businesses reported increased cancellations amid the...


Mark Zuckerberg could be forced to pay most British Facebook users about £50 each if a landmark legal action alleging that the site abused...


France has reopened its borders to British tourists after ministers in Paris eased restrictions on non-essential travel. From this morning, Britons travelling to the...


People struck down with the Omicron variant of the coronavirus are buying so much paracetamol that supplies are running low in many shops. Official...


Covid Passports are to be abandoned within days after Sajid Javid effectively killed off the policy. The health secretary has concluded that Covid-19 certification...

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.