MANILA, Philippines — The Philippine Statistics Authority’s (PSA) June 2021 Labor Force Survey released on Tuesday (August 3) shows that the Philippines’ unemployment rate remains at 7.7 percent in June.
This accounts for 3.76 million unemployed Filipinos, the agency noted, almost similar in percentage as reported in May.
“In terms of magnitude, 3.76 million Filipinos 15 years old and over were unemployed in June 2021, compared to 3.73 million in May 2021,” PSA said.
Still, the rate of unemployed Filipinos in the month of June was lower as compared to the previous months – January (8.7%); February (8.8%); and April (8.7%).
However, it is much higher than the unemployment rate in march which was 7.1%.
Meanwhile, the agency noted no changes in the country’s unemployment rate remained at 92.3 percent from the month of May despite the surge of COVID-19 cases.
“This means that 45.08 million were employed out of 48.84 million Filipinos in the labor force in June 2021,” it said.
This employment rate is higher than the rates reported in the previous months – January (91.3%); February (91.2%); and April (91.3%).
The employment rate in June, however, is lower by -0.6 percentage points from the March 2021 estimate, the agency said.
By industry, the services sector still accounted for the largest share of employed persons in June 2021 at 57.6%.
Meanwhile, the agriculture and the industry sectors contributed 24.3 percent and 18.1 percent, respectively, to the total employment rate which translates to 45.08 million total employed Filipinos.