Unemployment rate eased to 5% in March

Unemployment eases to 5%, but underemployment rises to 12.3% in March 2026

MANILA, Philippines – Unemployment slightly improved to 5% in March 2026 despite the impact of the Middle East crisis, the Philippine Statistics Authority (PSA) reported on Wednesday, May 6. Underemployment, however, worsened. The latest jobless rate is equivalent to 2.58 million Filipinos, slightly lower than the 5.1% or the 2.66 million Filipinos recorded in February 2026 but higher than the 3.9% or 1.93 million unemployed Filipinos logged in …

Unemployment rate eased to 5% in March

MANILA, Philippines — Philippine unemployment slightly diminished to 5 percent in March from 5.1 percent in February, despite mounting pressures from the Middle East war, the Philippine Statistics Authority reported on Wednesday. The jobless rate in March represented 2.58 million Filipinos looking for work, down from 2.66 million in February. READ: Unemployment rate jumps to pandemic-era high of 5.8% The decline in unemployment came alongside a …

Jobless rate eases to 5% in March

MANILA — The number of unemployed Filipinos fell to 2.58 million in March 2026, the Philippine Statistics Authority (PSA) reported Wednesday, although rising underemployment and a drop in total employed workers underscored lingering labor market pressures as the government intensified measures to cushion workers from the impact of the ongoing Middle East conflict. Latest Labor […]