May ’21 unemployment rate 2nd lowest during pandemic

The country logged its second-lowest unemployment rate in May amid the Covid-19 pandemic, the Philippine Statistics Authority reported.

National Statistician and Civil Registrar General Dennis Mapa said the unemployment rate in May was at 7.7 percent easing from 8.7 percent in April and slightly above the lowest unemployment rate during the pandemic in March at 7.1 percent.

Mapa said, “This is due to lesser restriction. Of course, we saw in the National Capital Region we have lesser restriction in May compared to April 2021.”

The NCR and its four neighboring provinces Bulacan, Cavite, Laguna and Rizal, collectively called NCR Plus, were under enhanced community quarantine, the most stringent quarantine measure, in April when there was a surge in coronavirus cases.

Restrictions in NCR Plus started to relax in May, and 410,000 jobs were added to the labor market since ECQ was lifted.

Source: https://www.pna.gov.ph/articles/1145581

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