Philippines unemployment rate


Philippines unemployment rate: 3.7 (-7.5%)
Last Update: December 31, 2024

Philippines unemployment rate closed down 3.7 as of December 31, 2024 from 4 from the previous month and 4.2 from last year.


Philippines unemployment rate Analytics & Data




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Philippines unemployment rate

Date Values
2024-12-31 3.7
2024-11-30 4
2024-08-31 4
2024-07-31 4.7
2024-06-30 3.1
2024-05-31 4.1
2024-04-30 4
2024-03-31 3.9
2024-02-29 3.5
2024-01-31 4.5
2023-12-31 3.1
2023-11-30 3.6
2023-10-31 4.2
2023-09-30 4.5
2023-08-31 4.4
2023-07-31 4.8
2023-06-30 4.5
2023-05-31 4.3
2023-04-30 4.5
2023-03-31 4.7
2023-02-28 4.8
2023-01-31 4.8
2022-12-31 4.3
2022-11-30 4.2

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Philippines unemployment rate Statistics


Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope Percentile Update
unemployment rate ph.unemploymentrate 3.7 4 -7 -12 Down Down 58 2024-12-31

Philippines unemployment rate Quantitative Analysis, Charts & Factors

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Philippines unemployment rate Historical Data

The MacroVar database offers free access to historical data for the Philippines unemployment rate, dating back to 1950. This extensive dataset is readily available through MacroVar versatile platforms, including a user-friendly web interface, a robust Python API, and convenient Excel integration. By leveraging these tools, users can efficiently retrieve and analyze decades of Philippines unemployment rate data, supporting a wide range of research, financial analysis, and decision-making processes.

What is the Philippines unemployment rate

The Philippines unemployment rate refers to the percentage of individuals in the country's labor force who are actively seeking employment but are unable to find a job. This rate is an important economic indicator that reflects the overall health of the labor market and the economy as a whole. A high unemployment rate can indicate a lack of job opportunities and economic growth, leading to social and economic challenges for individuals and the country as a whole. Policymakers and government officials often use this data to implement strategies and programs to address unemployment and stimulate job creation in order to improve the overall well-being of the population.

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