The labor market strengthened in October as more Filipinos streamed into the workforce, even as unemployment rose from last year’s lows, data from the Philippine Statistics Authority showed Wednesday.
The country’s unemployment rate inched up to 3.8 percent in September 2025 from 3.7 percent a year earlier, equivalent to 1.96 million Filipinos without work, the Philippine Statistics Authority (PSA) reported Thursday. Despite the slight uptick, the number of jobless declined from 2.03 million in August, suggesting some improvement in hiring momentum.
The Philippines’ unemployment rate in June rose to 3.7 percent, up from 3.1 percent a year earlier, according to the latest Labor Force Survey released Wednesday by the Philippine Statistics Authority (PSA).
The Philippines' unemployment rate eased in May, as the economy generated more jobs, reducing the number of Filipinos without work compared to both April this year and May of the previous year.
Cash remittances rose 1.9 percent to US$3.03 billion in August 2026 from US$2.98 billion a year earlier, showing that money sent home by overseas Filipinos continued to grow, though at a moderate pace. The United States remained the largest recorded source, followed by Singapore and Saudi Arabia.
Tala Philippines is expanding partnerships with financial institutions, payment networks and businesses to widen credit access, as the fintech company looks beyond traditional lending channels to reach borrowers underserved by banks.
Tourism groups and industry players are positioning Cebu as a gateway to multi-island travel across the Visayas, aiming to extend visitor stays and channel more tourism spending to smaller island economies.
Nearly one in five mobile broadband tests in Metro Manila failed to meet the National Telecommunications Commission’s (NTC) 50 Mbps minimum speed standard, exposing persistent network gaps despite peak download speeds exceeding 400 Mbps.