In July 2024, the Philippines' unemployment rate rose to 4.7% from 3.1% in June, with 2.38 million people jobless.

In July 2024, the Philippines' unemployment rate rose sharply to 4.7%, up from 3.1% in June, with 2.38 million people jobless. This marks an increase from 1.62 million unemployed in June and reflects ongoing economic challenges. Youth unemployment (ages 15-24) accounted for 43% of the total. The underemployment rate remained at 12.1%. The service sector dominates employment, comprising 60.8% of the workforce, despite a decrease in overall employment from June.

September 06, 2024
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