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Philippines Sees Unemployment Rise to 4.3% in January

3/7/2025

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Summary

Story summary

The Philippines' unemployment rate increased to 4.3% in January 2025, affecting 2.16 million individuals.
Underemployment fell to 13.3%, reflecting improved job quality, while labor force participation rose to 63.9%.
The services sector leads employment at 61.6%, with notable job growth in agriculture and trade.
Government initiatives focus on boosting job creation and enhancing workforce skills in manufacturing and construction.

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Story summary

The Philippines' unemployment rate increased to 4.3% in January 2025, affecting 2.16 million individuals.
Underemployment fell to 13.3%, reflecting improved job quality, while labor force participation rose to 63.9%.
The services sector leads employment at 61.6%, with notable job growth in agriculture and trade.
Government initiatives focus on boosting job creation and enhancing workforce skills in manufacturing and construction.