One year into nationwide quarantine since March 2020 due to COVID-19 pandemic, the country recorded the lowest unemployment rate of 7.1% in March 2021 which translates to 3.44 million unemployed Filipinos 15 years and over, according to the latest Labor Force Survey (LFS) Report of the Philippine Statistics Authority (PSA). This represents a decrease of 10.5 percentage points compared to the 17.6% recorded in April 2020 when unemployment rate was at the highest.
