About 3.8 million Filipinos were unemployed, or an unemployment rate of 8.7% in the third quarter of 2020, was estimated by the Labor Force Survey (LFS) of the Philippine Statistical Authority (PSA). The unemployment rate improved by at least 1.3 percentage points from the 10.0% estimated in July 2020 or a decrease in the number of unemployed persons by 758,000. This figure is also the lowest since April 2020, but it is still higher than the 4.6% recorded in the 3rd quarter of 2019. The underemployment rate was also lower at 14.4% from 17.3% in July 2020.
