The unemployment rate in the Philippines fell to 4.7% in April 2026, according to the Philippine Statistics Authority (PSA). This figure represents approximately 2.41 million jobless individuals, a decrease from March's 5%.
However, the country faces a significant challenge with underemployment, which surged to 15.2%, affecting about 7.41 million Filipinos. This marks an increase from March's rate of 12.3%.
Job Growth in Key Sectors
National Statistician Dennis Mapa attributed the drop in unemployment to job gains in specific sectors. The accommodation and food services industries contributed 510,000 new jobs, while manufacturing added 259,000, particularly in semiconductors and food production.
The transport and storage sector also saw an increase of 189,000 jobs, yet many workers faced reduced hours due to rising fuel prices.
The actual estimate for underemployment in transportation and storage is around 677,000, with a year-on-year increase of 160,000.
Dennis Mapa, National Statistician
Conversely, the wholesale and retail trade sector experienced significant job losses, shedding approximately 450,000 positions. Mapa indicated that many businesses struggled due to elevated prices and declining consumer income.
- Unemployment rate: 4.7% (2.41 million jobless)
- Underemployment rate: 15.2% (7.41 million underemployed)
- Job growth in accommodation and food services: +510,000
- Job losses in wholesale and retail trade: -450,000
The Department of Labor and Employment (DOLE) credits the improved job market to enhanced employment initiatives. Labor Secretary Francis Tolentino emphasized the need for pathways to employment and equipping workers with relevant skills.
Despite the positive outlook in some areas, the persistence of underemployment raises concerns about the quality of jobs available. Many sectors continue to grapple with economic pressures stemming from external factors, including the ongoing Middle East crisis.
As the government invests in programs such as the Unified Package for Livelihoods, Industry, Food, and Transport (UPLIFT), the focus remains on boosting employment opportunities amidst fluctuating economic conditions.