Employment & Workforce
7 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.
Weather Disruptions Push Unemployment Figures to Three-Month High in October 2025
Philippine unemployment rose to five percent in October 2025 due to severe weather. Concurrently, a public corruption scandal halted infrastructure projects, reducing construction employment. Enterprises should monitor these operational risks ahead of expected holiday labor rebounds.
Domestic Constraints Push Third Quarter GDP Growth Down to 4 Percent
Philippine economic growth slowed to 4 percent due to severe storms and an infrastructure corruption scandal. With public spending down and stock market indices declining, large enterprises must prepare for persistent fiscal drag and heightened operational disruptions.
Philippine Labor Force Situation in August 2025
Philippine unemployment fell to 3.9 percent in August 2025 as weather-sensitive sectors recovered. However, subsequent severe storms and earthquakes threaten these gains. Enterprises must monitor climate risks ahead of the holiday labor rebound.
ANALYSIS: Highlights of the 2025 State of the Nation Address
President Ferdinand Marcos Jr.'s State of the Nation Address prioritized socio-economic and public works reviews over industry policy. Enterprises should monitor upcoming 2026 budget deliberations to verify funding allocations for critical energy, infrastructure, and labor development initiatives.