Unemployment Rate 2024 Philippines News. The underemployment rate, meanwhile, stood at 12.1%, translating to 5.78 million of the 47.70 million employed individuals who expressed the desire to have. The number of unemployed persons increased to 2.38 million from 2.29.

It added that the number is lower than 2.33 million unemployed individuals recorded in june 2023 and 2.11 million logged in may 2024. This translates to an employment rate of 95.5%, lower than the 96.9% rate.