Employment & Workforce
3 reports
First Quarter Economic Growth at 2.8 Percent, High Prices and Increased Unemployment Heighten Economic Risks
The Philippine economy grew by only 2.8% in Q1 2026, alongside rising inflation and unemployment, raising concerns over possible stagflation. Analysts warn that prolonged global volatility and supply chain disruptions may continue to pressure businesses and consumers.
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.