Unemployment Rate in Philippines decreased to 3.90 percent in August from 5.30 percent in July of 2025. This dataset provides - Philippines Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Preliminary figures reflect that the underemployment rate in the Philippines was estimated to be about **** percent in 2024. The underemployment rate in the country was lowest in 2019. The underemployment rate refers to the total number of people employed who wanted additional work (wanted additional hours of work in their present job, or to have an additional job or a new job with longer working hours) as a percentage share of the total employed.

In 2019, the unemployment rate in the Philippines was at approximately 2.24 percent and on a steady downward trend from 3.6 percent in 2014.

Souvenirs from overseas

The Philippines’ economy relies heavily on remittances from overseas, i.e. money sent home by Filipino emigrants and workers in other countries. In 2016 alone, approximately 30 billion U.S. dollars were received as remittances in the Philippines, and the amount seems to increase significantly every year. This makes the Philippines one of the leading countries worldwide when it comes to receiving remittances, only surpassed by India and China.

Visitors from overseas

The Philippines’ economy is stable, not only because of remittances, but also because of a flourishing services sector, which is now the main generator of GDP in the country; tourism and IT in particular contribute to economic growth. More than half of the Philippines workforce is employed in services.

Graph and download economic data for Youth Unemployment Rate for the Philippines (SLUEM1524ZSPHL) from 1991 to 2024 about Philippines, 15 to 24 years, unemployment, and rate.

Philippines Unemployment Rate: National Capital Region (NCR) data was reported at 6.000 % in Oct 2018. This records a decrease from the previous number of 6.100 % for Jul 2018. Philippines Unemployment Rate: National Capital Region (NCR) data is updated quarterly, averaging 10.900 % from Jul 2004 (Median) to Oct 2018, with 58 observations. The data reached an all-time high of 18.400 % in Oct 2004 and a record low of 6.000 % in Oct 2018. Philippines Unemployment Rate: National Capital Region (NCR) data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table PH.G014: Labour Force Survey: Unemployment Rate.

In 2024, the youth unemployment rate in the Philippines was 6.59 percent. Between 1991 and 2024, the figure dropped by 2.52 percentage points, though the decline followed an uneven course rather than a steady trajectory.

The Philippines: Unemployment rate: The latest value from 2024 is 2.15 percent, a decline from 2.22 percent in 2023. In comparison, the world average is 6.80 percent, based on data from 176 countries. Historically, the average for the Philippines from 1991 to 2024 is 3.36 percent. The minimum value, 2.15 percent, was reached in 2024 while the maximum of 4.05 percent was recorded in 2006.

Key information about Philippines Unemployment Rate

• Philippines Unemployment Rate dropped to 4.50% in Apr 2023, from the previously reported figure of 4.80% in Jan 2023.
• Philippines Unemployment Rate is updated quarterly, available from Jul 1982 to Apr 2023, with an average rate of 8.45%.
• The data reached an all-time high of 17.60% in Apr 2020 and a record low of 4.50% in Apr 2023.
• The data is reported by reported by CEIC Data.
• In the latest reports, Philippines Population reached 109.03 million people in Dec 2020.

View yearly updates and historical trends for Philippines Unemployment Rate. Source: World Bank. Track economic data with YCharts analytics.

philippines - Youth Unemployment Rate for the Philippines was 6.59% in January of 2024, according to the United States Federal Reserve. Historically, philippines - Youth Unemployment Rate for the Philippines reached a record high of 8.43 in January of 2021 and a record low of 6.59 in January of 2024. Trading Economics provides the current actual value, an historical data chart and related indicators for philippines - Youth Unemployment Rate for the Philippines - last updated from the United States Federal Reserve on October of 2025.

The Philippines: Unemployment rate for males: The latest value from 2024 is 1.94 percent, a decline from 2.02 percent in 2023. In comparison, the world average is 6.29 percent, based on data from 176 countries. Historically, the average for the Philippines from 1991 to 2024 is 3.17 percent. The minimum value, 1.94 percent, was reached in 2024 while the maximum of 3.87 percent was recorded in 2006.

Historical dataset showing Philippines youth unemployment rate by year from 1991 to 2024.

Unemployment, youth total (% of total labor force ages 15-24) (national estimate) in Philippines was reported at 6.902 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Philippines - Unemployment, youth total (% of total labor force ages 15-24) (national estimate) - actual values, historical data, forecasts and projections were sourced from the World Bank on October of 2025.

Region 12, or SOCCSKSARGEN, was estimated to have the highest underemployment rate in the Philippines at 30.7 percent in 2024, which was three times the nationwide average. In contrast, Region XI, or the Davao Region, had the lowest underemployment rate in that year.

Historical dataset showing Philippines unemployment rate by year from 1991 to 2024.

The number of unemployed persons in Philippines decreased to 2033.50 Thousand in August of 2025 from 2593.41 Thousand in July of 2025. This dataset provides - Philippines Unemployed Persons - actual values, historical data, forecast, chart, statistics, economic calendar and news.

View yearly updates and historical trends for Philippines Youth Unemployment Rate. Source: World Bank. Track economic data with YCharts analytics.

Unemployment, total (% of total labor force) (modeled ILO estimate) in Philippines was reported at 2.153 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Philippines - Unemployment, total - actual values, historical data, forecasts and projections were sourced from the World Bank on October of 2025.

In 2024, the labor force participation rate in the Philippines was **** percent. The labor force participation rate in the country has been fluctuating over the past decade, with its lowest figure recorded in 2020. Labor force situation in the Philippines  The labor force participation rate refers to the share of the population currently employed or actively seeking employment. As a country with a predominantly young population, the labor market in the Philippines is robust, with a workforce that could drive economic growth. In 2023, the working-age population in the Philippines was estimated to have surpassed ** million people, reflecting constant growth in recent years. Across gender, the labor force participation of women was significantly lower than for men. COVID-impact on employment  The COVID-19 pandemic in 2020 resulted in significant job losses in the Philippines as long periods of lockdown shuttered the economy. A survey in April 2021 reflected that around ** percent of public transportation drivers lost their jobs due to the pandemic. In addition, ** percent of workers in formal and informal services also experienced job losses. As a result, the unemployment rate reflected a slight increase during this period, although it was still lower than the rate of unemployment recorded in 2006.

Philippines Underemployment Rate: International Labour Organization data was reported at 17.200 % in Jul 2018. This records an increase from the previous number of 17.000 % for Apr 2018. Philippines Underemployment Rate: International Labour Organization data is updated quarterly, averaging 18.900 % from Jul 2003 (Median) to Jul 2018, with 61 observations. The data reached an all-time high of 26.100 % in Apr 2005 and a record low of 15.800 % in Oct 2003. Philippines Underemployment Rate: International Labour Organization data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table PH.G016: Labour Force Survey: Underemployment Rate.