Unemployment Rate In Philippines 2024. The number of unemployed persons notably decreased to 2.07 million from 2.22 million in august 2023,. The country’s unemployment rate in february 2024 dropped to 3.5 percent, from 4.8 percent in february of the previous year and 4.5 percent in january 2024.
The philippines’ unemployment rate declined to 4.0 percent of the labor force in august 2024, down from 4.7 percent in july and 4.0 percent a year earlier, the philippine. “ilo modelled estimates and projections database ( iloest )”.