Philippines: Unemployment rate
* indicates monthly or quarterly data series
The most recent value is 4.74 percent as of Q2 2024, an increase compared to the previous value of 4.05 percent. Historically, the average for the Philippines from Q1 1998 to Q2 2024 is 7.87 percent. The minimum of 4.05 percent was recorded in Q1 2024, while the maximum of 17.68 percent was reached in Q1 2020.
Click on the following link to see the values of: Unemployment rate around the world.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: Philippine Statistics Authority
| Recent values | Philippines: Unemployment rate, percent |
|---|---|
| 2024 Q2 | 4.74 |
| 2024 Q1 | 4.05 |
| 2023 Q4 | 4.47 |
| 2023 Q3 | 4.19 |
| 2023 Q2 | 4.85 |
| 2023 Q1 | 4.48 |
| 2022 Q4 | 4.77 |
| 2022 Q3 | 4.54 |
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Definition: The unemployment rate represents the share of the labor force that is without work but available for and seeking employment.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Labor force | 49.48 | 2023 | million people |
| Unemployment rate | 2.23 | 2023 | percent |
| Female unemployment | 2.55 | 2023 | percent |
| Male unemployment | 2.05 | 2023 | percent |
| Youth unemployment | 6.69 | 2023 | percent |
| Labor force participation | 60.24 | 2023 | percent |
| Labor force: percent female | 38.89 | 2023 | percent |
| Female labor force participation | 47.21 | 2023 | percent |
| Male labor force participation | 73.08 | 2023 | percent |
| Self-employment | 36.06 | 2022 | percent |
| Employment | 47.80 | Q3/2023 | million employed people |
| Unemployment rate | 4.19 | Q3/2023 | percent |