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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.
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En julio de 2024, la tasa de desempleo de Filipinas aumentó al 4,7% desde el 3,1% en junio, con 2,38 millones de personas desempleadas.