Unemployment Rate 2024 Philippines Graph. In the labor force survey of the philippine statistics authority (psa), the philippinesโ unemployment rate improved to 3.1% in june 2024, equivalent to 1.62 million. This was lower than the reported unemployment rate in april 2023 and january 2024, both at 4.5 percent.
In april 2020, the number of unemployed persons was 7.2 million resulting to an unemployment rate of 17.6 percent. The philippine labor market has shown signs of recovery, with the lowest estimated unemployment rate recorded since 1999,.