Description of LFS
The country’s unemployment rate in October 2020 was estimated at 8.7 percent. This is equivalent to 3.8 million unemployed Filipinos who are 15 years old and over. This unemployment rate is the lowest since April this year although it is still higher than the 4.6 percent (or about 2.0 million unemployed Filipinos who are 15 years old and over) in the same period a year ago. (Table A)
The Philippine Statistics Authority (PSA) announces the conduct of the Press Conference on the October 2020 Labor Force Survey (preliminary) results to be held on 03 December 2020 (Thursday) at 9:00 AM through a video conference using zoom.
In April 2020, the total population 15 years old and over was estimated at 73.7 million wherein the number of persons who were in the labor force was reported at 41.1 million according to the Labor Force Survey (LFS) results.