NEMPLOYMENT EASES TO 3.8M IN OCTOBER FROM APRIL’S OVER 7M
National Statistician Claire Dennis Mapa reported that unemployment rate was recorded at 8.7% in October. This is equivalent to 3.8M adult individuals without jobs or livelihoods during the period.
Mapa said: “[Nasa] 3.8 milyong Pilipino na nasa labor force ay walang trabaho o negosyo nitong nakaraang October 2020. Ito ay mas mataas ng 1.8 milyon kaysa sa bilang noong October 2019 na nasa 2.0 milyong indibidwal na walang trabaho o negosyo,”
But unemployment rate in October is an improvement compared to 10% rate recorded in July, equivalent to 4.6 million unemployed adult individuals.
It also compares with the record-high unemployment rate recorded in April — at the height of strict community quarantines — at 17.7% or 7.2M jobless adults.