But the Philippines also lost 1.56 million agriculture and fisheries jobs in 2024 due to storms and African swine fever
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The Philippines’ unemployment rate slipped to 3.1% in December, representing 1.63 million Filipinos. Meanwhile, underemployment dropped to 10.9% from November’s 11.9%. According to National Statistician Dennis Mapa, the following industries added the most jobs in 2024:Public administration and defense Mapa attributed the rise in transportation jobs to land transport, as firms added more buses and shuttles to their fleets.Mapa said the sector lost the most jobs in rice paddy farms, planting and transplanting, as well as hog farming.
“While production efficiency allowed manufacturers to stay on top of tasks at hand, it also led to a slight drop in employment, thereby ending a three-month streak of job creation. However, this could be a temporary blip, especially if demand remains resilient as anticipated throughout 2025,” S&P Global’s economist Maryam Baluch said.
The National Economic and Development Authority described the country’s latest labor figures as “stable” and an indicator of improving job quality.
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