Description of LFS
Unemployment rate rose to 17.7 percent accounting to 7.3 million unemployed Filipinos in the labor force in April 2020. This is a record high in the unemployment rate reflecting the effects of Corona virus disease 2019 (COVID-19) economic shutdown to the Philippine labor market.
Of the estimated 73.5 million population 15 years old and over in October 2019, approximately 45.2 million persons were in the labor force, that is, either employed or unemployed.
The employment rate in January 2020 was estimated at 94.7 percent. In January 2019, the employment rate was the same at 94.7 percent.
The revised estimates for January 2019 key employment indicators using the 2015 POPCEN-based population projection for population 15 years old and over (71.9 million) and those in the labor force (43.3 million), employed (41.0 million), unemployed (2.3 million) and population 15 years old and over who were not in the labor force (28.6 million) were lower than the estimates computed using the 2010 CPH-based population projection (as shown in the table).
The number of persons who were in the labor force was reported at 45.4 million of the estimated 73.1 million population 15 years old and over in July 2019.