Number of jobless Filipinos falls to 2.9-M

Unemployment rate fell to its lowest level since the start of the pandemic despite stricter quarantine restrictions amid Omicron surge in January, data from the Philippine Statistics Authority showed on Friday, March 18.

In terms of magnitude, the number of labor force participants stood at 45.94 million, down by roughly 3.61 million Filipinos aged 15 and above who were either employed or unemployed from 49.55 million in December.In addition, the number of employed Filipinos dropped to 43.02 million from 46.27 million in December.

“The Omicron surge caused a temporary decline in our employment levels. Now that we have contained the spread of the virus and shifted to Alert Level 1 in most parts of the country, we look forward to an improvement in employment outcomes in the coming months,” Chua said. Chua also emphasized the need to reopen all schools in Alert Level 1 for face-to-face learning as this will provide a big boost to the economy, enable children to learn more, and allow more parents to go back to work.

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