/https://tf-cmsv2-smithsonianmag-media.s3.amazonaws.com/filer_public/54/66/546650fa-26a4-40fd-8d6d-5a7a04540f81/rosetta2.png)
:max_bytes(150000):strip_icc():focal(999x0:1001x2)/robert-prevost-050825-1-39395418ab494da5a3a700c9478e66c8.jpg)
format(webp))
format(webp))
Philippines' Unemployment Rate Reaches 3.8% in February 2025, Reports PSA
In February 2025, the Philippines experienced an unemployment rate of 3.8%, as reported by the PSA. This figure represents a slight increase from the previous year but shows improvement compared to January 2025. The labor force participation and employment rates were 63.5% and 96.2%, respectively, while underemployment stood at 12.5%.
The Philippine Statistics Authority (PSA) reported that the country's unemployment rate in February 2025 was 3.8%. This marks an increase from the 3.5% unemployment rate recorded in February 2024. However, it represents a decrease from the 4.3% rate observed in January 2025.
-
Labor Force Participation: The labor force participation rate (LFPR) in February 2025 was 63.5%, indicating the proportion of the working-age population that is either employed or actively seeking employment.
-
Employment Rate: The employment rate for the same period stood at 96.2%, reflecting the percentage of the labor force that is currently employed.
-
Underemployment: The underemployment rate, which measures the proportion of employed individuals seeking additional work or longer working hours, was recorded at 12.5% in February 2025.
What's Your Reaction?
