Employment & Workforce
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2 reports
Geopolitical and Economic Challenges Top Global Risks in 2026; Unemployment Biggest Risk for the Philippines
The WEF Global Risks Report 2026 identifies geoeconomic confrontation and AI as primary threats. In the Philippines, experts warn that debt and labor-saving technology are worsening unemployment and causing small businesses to close amidst a broader economic slowdown.
Year-on-Year Unemployment Rate Increases to 4.4 Percent in November 2025
Unemployment rose to 4.4 percent year-on-year in November 2025, largely due to severe tropical cyclones and a halt in infrastructure projects. While the holiday season provided a minor monthly boost, the overall job market remains weakened by weather disruptions and corruption scandals.