Unemployment inches up to 4.8% in May 2026 as farm jobs take a hit

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LABOR. Job seekers register to apply for work employment at Isetann Cinerama Complex in Manila on March 25, 2026.

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While unemployment slightly worsened, underemployment improves sharply to 12.2% in May from 15.2% in April

MANILA, Philippines – The unemployment rate rose slightly to 4.8% in May 2026, as losses in farm work – particularly in palay and corn farming – weighed on the labor market, the Philippine Statistics Authority (PSA) reported on Wednesday, July 8.