Unemployment Rate 2024 Philippines Update. The philippines posted higher unemployment and underemployment rates in october compared to september, the philippine statistics authority said on friday. The philippine labor market has shown signs of recovery, with the lowest estimated unemployment rate recorded since 1999, as reported by the world bank.

Philippines unemployment rate is 4.0% in q4 2024, after reporting a value of 3.5% in the previous quarter. In a briefing, psa undersecretary and national statistician dennis mapa said the country’s unemployment rate was estimated at 4.0 percent, down from the recorded 4.5 percent in april 2023.