Wednesday, 8 July 2026
Nasdaq -1.16%
Subscribe NowSupport Us

Daily TribuneDaily Tribune

Daily TribuneDaily Tribune
Subscribe
Wednesday, 8 July 2026
Nasdaq -1.16%
  • News
  • Page Three
  • Commentary
  • Business
  • Life
  • Show
  • Tech Talks
  • Sports
  • Global Goals
  • Dyaryo Tirada
Partner feature
Daily Tribune

The Philippines' leading digital newspaper.

News
  • Headlines
  • Metro
  • Nation
  • World
Commentary
  • Opinion
  • Editorial
  • Scuttlebutt
Business
  • Shipping
  • Portraits
  • Pep
  • Business Advisories
Life
  • Show
  • Food & Drink
  • Getaways
  • Arts & Culture
  • Social Set
  • Spaces
  • Fashion & Beauty
  • The Edit
  • Top Form
  • Next Gen
  • Sacred Space
  • Project Larawan
  • Snaps
Sports
  • Hoops
  • Volley
  • Golf
  • Goal
  • Boxing
  • Tennis
  • Esports
  • Blast

Company

  • About
  • Contact
  • Advertise
  • Privacy
  • Subscribe
  • Support Us

© 2026 Daily Tribune · tribune.net.ph · Powered by Quintype

BUSINESS

Suggested Articles

PSE bullish despite economic headwinds
BUSINESS

PSE bullish despite economic headwinds

The weaker outlook for the domestic economy due to the Middle East crisis remains a significant headwind for the…

Toby Magsaysay·8 July 2026

Filinvest clears way for Bicutan mega station
BUSINESS

Filinvest clears way for Bicutan mega station

Filinvest Land Inc. (FLI) has turned over a 6,000-square-meter property in Bicutan to the Department of Transportation…

Nasher Perida·8 July 2026

UnionBank wins global wealth awards
BUSINESS

UnionBank wins global wealth awards

Union Bank of the Philippines strengthened its position in private wealth management after winning three major honors…

Toby Magsaysay·8 July 2026

market posts gains in fifth consecutive session
BUSINESS

market posts gains in fifth consecutive session

Investor sentiment remained constructive even as the peso strengthened, P61.435 per US dollar, improving from P61.491…

Toby Magsaysay·8 July 2026

DA backs longer rice price cap
BUSINESS

DA backs longer rice price cap

Slower inflation in June has strengthened the government’s case for extending the P50-per-kilo price ceiling on…

Mico Virata,Maria Bernadette Romero·8 July 2026

FRLD Board to convene Ninth Meeting at ADB HQ
BUSINESS

FRLD Board to convene Ninth Meeting at ADB HQ

The Board of the Fund for Responding to Loss and Damage (FRLD) will hold its Ninth Meeting from 8 to 10 July 2026 to…

DT·8 July 2026

2.5 million Filipinos unemployed; jobless rate at 4.8%

Mico Virata·8 July 2026, 9:46 am

Share

Jeepney drivers line up to receive a P5,000 fuel subsidy at Heroes Park in Manila on Wednesday, 25 March 2026, as part of government efforts to assist transport workers affected by surging oil prices caused by conflict in the Middle East.

Courtesy of John Carlo Magallon

Partner feature

Share

Google Preferred Sources

Get more Daily Tribune stories in your search results

Add Daily Tribune as a preferred source on Google Search.

Add to Google
Partner feature

The number of unemployed Filipinos rose to 2.50 million in May as the country’s jobless rate climbed to 4.8 percent, with a sharp decline in agricultural employment highlighting the impact of adverse weather conditions on the labor market.

Data from the Philippine Statistics Authority (PSA) showed the unemployment rate edged up from 4.7 percent in April and was also higher than the 3.9 percent recorded in May last year. 

Despite the increase in unemployment, total employment reached 49.63 million in May, higher than the 48.89 million recorded in April but lower than the 50.29 million employed a year earlier.

National Statistician Claire Dennis S. Mapa said agriculture and forestry posted the largest year-on-year decline in employment, with 905,000 fewer workers compared with May 2025.

“We saw in the Labor Force Survey that there was a substantial year-on-year decline in the number of employed persons in agriculture and forestry. We believe this was basically the impact of the weather conditions in May 2026. As we know, the country was already experiencing the effects of El Niño,” Mapa said.

The services sector remained the country’s largest employer, accounting for 61.8 percent of total employment, followed by agriculture at 19.9 percent and industry at 18.3 percent.

Among industries, administrative and support service activities posted the biggest annual employment gain at 329,000 workers, followed by mining and quarrying with 184,000, human health and social work with 173,000, fishing and aquaculture with 170,000, and construction with 168,000.

Meanwhile, aside from agriculture and forestry, the biggest annual employment declines were recorded in other service activities, public administration and defense, wholesale and retail trade, and professional, scientific and technical activities.

The labor force participation rate stood at 63.8 percent, equivalent to 52.13 million Filipinos aged 15 years and above who were either employed or actively seeking work.

The PSA also reported an improvement in job quality as the underemployment rate fell to 12.2 percent from 15.2 percent in April and 13.1 percent a year earlier. Around 6.04 million employed Filipinos said they wanted additional working hours or better-paying jobs.

Average weekly hours worked also increased to 41.1 hours from 40.2 hours in April, indicating longer working hours for those with jobs.

Youth employment remained under pressure. The employment rate among Filipinos aged 15 to 24 stood at 87.6 percent, lower than the 91.5 percent posted a year earlier, while around 787,000 employed youth were classified as underemployed.

Also read

Balisacan vows support as labor risks grow
BUSINESS

Balisacan vows support as labor risks grow

The government is moving to strengthen the country’s labor market against mounting domestic and global challenges, with Department of…

Mico Virata·10 June 2026