THE number of unemployed Filipinos went down to 3.73 million in May from 4.14 million in April due to the easing of quarantine restrictions, the Philippine Statistics Authority (PSA) said.

In a briefing on Thursday, National Statistician Claire Dennis Mapa said that based on the latest Labor Force Survey (LFS), the number of out-of-work individuals translates to an unemployment rate of 7.7 percent, down from the 8.7 percent recorded a month earlier.

The Labor Force Participation Rate (LFPR) rate, meanwhile, was at 64.6 percent, accounting for 48.45 million Filipinos 15 years and over who were in the labor force, up from the 63.2 percent recorded in April this year.