PH unemployment recorded its lowest unemployment rate since April 2020
The Philippines recorded its lowest unemployment rate since April 2020’s 17.7% – the highest recorded ever.
According to the Philippine Statistics Authority (PSA), the unemployment rate went down to 7.1% in March 2021, translating into some 3.44 million Filipinos with no jobs. This is a significant decrease from February 2021’s 8.8%, or 4.2 million unemployed Filipinos.
According to national statistician Dennis Mapa, “elementary occupations” rose to 1.08 million in March, while service and other sales workers reached 551,000. Mapa added that there were fewer professionals (332,000) and managers (295,000) employed in March.
