Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
PhilippinesPhilippines Unemployment Rate climbed to 4.8% in May 2026
FMPMonthlyReleased July 2026
Philippines Unemployment Rate climbed to 4.8% in May 2026, released July 2026, up 0.1% from April's 4.7% reading. The reading matched expectations. Year-over-year, the indicator is up 0.9%. Over the past 3 months, Unemployment Rate averaged 4.85%, vs 5.1% in the prior 3-month window. The reading is in the 79th percentile of the trailing 24-month range.
Latest Release
4.8
Actual
4.7
Consensus
4.7
Previous
Median Absolute Error
±0.39 percentage points
across last 12 releases
Last Call
Jul 2026
Predicted: 4.55
Actual: 4.8
Error: -0.25
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
THE RELEASE
Unemployment Rate (Philippines) was reported at 4.8% in July 2026. This beat the market consensus of 4.7% by 0.1%. The reading rose from the previous value of 4.7%. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 4.58%, ranging from 3.7% to 5.8% across 10 releases. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 5.1%, up from the prior three at 4.6%. Volatility over the past year (σ 0.64%) is higher than the prior year (σ 0.46%). In July readings over the past 3 years, Unemployment Rate has averaged 4.27%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with Hang Seng (Bullish Hang Seng). Over the last 12 releases, the Sigmacast model's median absolute error is 0.39%.
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
SHARE
Unemployment Rate - PH
Loading chart data...
About Unemployment Rate — Philippines
DEFINITION
The Unemployment Rate is a key economic indicator that measures the percentage of the total labor force that is currently without a job and actively seeking employment. It is used to assess the health of the job market and the overall state of the economy. A high unemployment rate can indicate a weak economy, while a low unemployment rate can suggest a strong and growing economy. This data is closely monitored by policymakers, businesses, and investors to make informed decisions and projections.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (May 2026): actual 4.8 %, consensus 4.7 %. Prior reading (Apr 2026): 4.7 %. Before that (Mar 2026): 5 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary headwind in the current projection.
Σ
EXPECTED ZONE
SIGMANOMICS MARKET FORECAST ENGINE
Multi-horizon symbol forecasts, Rolling-Surprise economic predictions, and programmatic API access.
Expected Zones · Trade Bias · Confidence Intervals · API Access · 1,456+ instruments
FOREXCRYPTOSTOCKSCOMMODITIESINDICESAPI
BLSBEAFMPWORLD BANKFRED
1,456+ instruments247 indicators530+ correlationsREST + GQL API
4,151 economic indicators127 countries covered6 data sources
FREDBLSEIAECBBOJFMP