• Ziggurat Realestatecorp

Employment Rate in April 2022 is Estimated at 94.3 Percent

Employment rate in the country in April 2022 was estimated at 94.3 percent, translating to about 45.63 million employed Filipinos. This was higher compared to the reported employment rate at 91.3 percent in April 2021 or a year-on-year increase of about 2.36 million employed Filipinos from 43.27 million in April 2021.

The country’s unemployment rate has improved from the reported 8.7 percent a year ago to 5.7 percent in April 2022. Unemployment rate was posted at 6.4 percent in January 2022.

In terms of magnitude, the total number of unemployed individuals 15 years old and over in April 2022 was registered at 2.76 million. It was lower by 1.38 million from the number of unemployed persons in April 2021.

Persons in the labor force or the number of persons 15 years old and over reported as either employed or unemployed was estimated at 48.39 million in April 2022. This was higher compared to the 47.41 million Filipinos in the labor force for the same period last year. The Labor Force Participation Rate (LFPR) in April 2022 was likewise higher at 63.4 percent compared to the reported 63.2 percent in April last year.

Source: PSA

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