Unemployment Rate 2024 Philippines News. In june 2024, the philippines' unemployment rate dropped to 3.1% while underemployment rose. National statistician dennis mapa attributed the higher unemployment rate to higher youth unemployment, which saw 1.02 million filipinos aged 15 to 24 unemployed in july.

Manila, philippines (updated 10:32 a.m.) — a total of 1.62 million filipinos remain unemployed as of june 2024, according to the philippine statistics authority (psa). Last week, the philippine statistics authority (psa) released two important monthly reports, on the country’s unemployment rate for december 2023, and the inflation rate.