Unemployment Rate 2024 Philippines Update. Philippines unemployment rate for 2020 was 2.52%, a 0.29% increase from 2019. This is the lowest inflation rate since the 1.6 percent inflation rate.

The philippines’ unemployment rate fell to 4.1 percent in may 2024, down from 4.3 percent in the same month last year, the philippine statistics authority said monday. Philippines’s unemployment rate closed 4.1 in october 2024 from 4.0 in the previous month.