Philippinen Arbeitslosenquote

The unemployment rate in the Philippines fell to 4.3% in January 2025, down from 4.5% in the same month last year. The number of unemployed individuals slightly increased to 2.17 million from 2.16 million in January 2024, while employment rose to 48.5 million from 45.9 million. Among broad industry groups, the services sector continued as the top sector in terms of the number of employed persons with a share of 61.6% percent of the total number of employed, followed by agriculture at 21.1% and industry at 17.2%. Meanwhile, the labor force participation rate advanced to 63.9% compared to 61.1% a year earlier. On average, employed persons worked 40.4 hours per week, lower than the 42.2 hours recorded in January 2024.