Unemployment rate in June 2021 estimated at 7.7 percent – PSA

The country’s in June 2021 remained the same as the 7.7 percent reported a month ago. This is lower than the unemployment rates in April (8.7%), February (8.8%), and January (8.7%) of the same year, but higher than the 7.1 percent reported in March 2021.

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.

The labor force participation rate (LFPR) in June 2021 was registered at 65.0 percent or about 48.84 million Filipinos 15 years and over who were either employed or unemployed. This is higher than the LFPR reported in May (64.6%), April (63.2%), February (63.5%), and January (60.5%) of the same year.

The employment rate in June 2021 remains unchanged at 92.3 percent from May 2021. This means that 45.08 million were employed out of 48.84 million Filipinos in the labor force in June 2021. This employment rate is higher than the rates reported in April 2021 (91.3%), February 2021 (91.2%), and January 2021 (91.3%), but lower by -0.6 percentage point from the March 2021 estimate.

Employed persons reported with a job but not at was down to 1.2 percent in June 2021 from 1.4 percent in May 2021.

Also read: Unemployment rate in May 2021 estimated at 7.7 Percent

Unemployment rate in June 2021 estimated at 7.7 percent – PSA

The average weekly hours worked by an employed person in June 2021 was at 39.0 hours, the same as reported a month ago. This was lower compared to January 2021 (39.3 hours) and March 2021 (39.7 hours), but higher than the average weekly hours worked in February 2021 (38.9 hours) and April 2021 (38.0 hours).

The underemployment rate went up to 14.2 percent in June 2021 from the estimated 12.3 percent in the previous month.  This is translated to an increase of 918 thousand underemployed persons, from 5.49 million in May to 6.41 million in June 2021.

Among men and women, LFPR in June 2021 was higher for men (76.3%) than for women (53.7%). Likewise, employment rate was higher among men at 93.2 percent than among women at 91.0 percent. Underemployment rate among men (15.5%) was also higher than among women (12.4%).

By broad industry group, the services sector still accounted for the largest share (57.6%) of employed persons in June 2021. The agriculture and the industry sectors contributed 24.3 percent and 18.1 percent, respectively, to the 45.08 million total employed persons.

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