Description of LFS
In 2020, the number of persons who were in the labor force was estimated at 43.9 million. This number represents the economically active population, either employed or unemployed, accounting for 59.5 percent labor force participation rate (LFPR) of the 73.7 million population 15 years old and over. This translates to three in every five of the population 15 years and over who were either employed or unemployed. This annual LFPR is lowest since the adoption of the new definition of unemployed in April 2005, reflecting the effect of the various community quarantine restrictions, business closures, and physical distancing measures that were put in place in the Philippines starting March 2020 amidst the Coronavirus disease 2019 (COVID-19) pandemic. (Table A, and Figure 1)
The Philippine Statistics Authority (PSA) announces the conduct of the Press Conference on the January 2021 Labor Force Survey (Preliminary) Results on 09 March 2021 (Tuesday) at 9:00 AM through a video conference using Zoom.
In the Philippines, unemployment rate in January 2021 remained the same as the October 2020 rate of 8.7 percent. This is the lowest since April 2020 but higher than the January 2020 rate of 5.3 percent. (Table A-1)
The Philippine Statistics Authority (PSA) announces the conduct of the monthly Labor Force Survey (LFS) in between the regular quarterly LFS starting February 2021. The monthly LFS will have a sample of around 11,000 households, which is deemed sufficient to provide national level labor market statistics such as labor force participation, employment, unemployment, and underemployment. Data enumeration for the February 2021 round of the LFS commenced on 08 February 2021, and will end on 24 February 2021. The schedule of data collection will be on the same dates for the months of March, May, June, August, September, November and December 2021.
The number of persons who were in the labor force was at 45.9 million of the estimated 74.1 million population 15 years old and over in July 2020. This translates to a labor force participation rate (LFPR) of 61.9 percent, which means that 619 in 1000 of the population aged 15 years and over were either employed or unemployed. Northern Mindanao and had the highest LFPR with 68.8 percent, followed by Caraga with 68.6 percent. Central Visayas had the lowest LFPR with 57.7 percent. (Tables 1 and 3, and Figure 1)