MANILA, Philippines — The Philippines’ unemployment rate slid down to 4% in August, translating to 2.07 million Filipinos who are jobless, the Philippine Statistics Authority (PSA) said on Tuesday, October 8.
This is an improvement from the July unemployment rate, which was at 4.7%.
“In terms of magnitude, the number of unemployed individuals in August 2024 was registered at 2.07 million. This was lower than the estimated number of unemployed persons of 2.22 million in August 2023 and 2.38 million in July 2024,” the PSA said.
This means the employment rate is currently at 96%, which translates to 49.15 million employed individuals.
The labor force participation rate (LFPR), which is the ratio of the working age population to the actual labor force, is currently at 64.7% for August. This participation rate is higher than the 63.5% in July.
Underemployment, or those who need additional work hours or a second job, is at 11.2% or 5.48 million people.
“The reported LFPR in August 2024 translates to a total of 51.22 million Filipinos aged 15 years old and over who were in the labor force, or those who were either employed or unemployed,” the PSA said.
The PSA also said that employed persons worked an average of 40.7 hours per week.
It should be noted that the government considers a person employed if they work at least one hour a week.
July 2025
Nutrition Month
“Give us much more than P50 increase
for proper nutrition!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
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July
3 July – International Day of Cooperatives
3 July – International Plastic Bag Free Day
5 July – World Youth Skills Day
7 July – Global Forgiveness Day
11 July – World Population Day
17 July – World Day for International Justice
28 July – World Nature Conservation Day
30 July – World Day against Trafficking in Persons
Monthly Observances:
Schools Safety Month
Nutrition Month
National Disaster Consciousness Month
Weekly Observances:
Week 2: Cultural Communities Week
Micro, Small, and Medium Enterprise
Development Week
Week 3: National Science and
Technology Week
National Disability Prevention and
Rehabilitation Week
July 1-7:
National Culture Consciousness Week
July 13-19:
Philippines Business Week
Week ending last Saturday of July:
Arbor Week
Daily Observances:
First Saturday of July:
International Cooperative Day
in the Philippines
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