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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
PhilippinesPhilippines Unemployment Rate fell to 4.7% in April 2026
FMPMonthlyReleased June 2026
Philippines Unemployment Rate fell to 4.7% in April 2026, released June 2026, down 0.3% from March's 5.0% reading. The print came in cooler than the 5.0% consensus, a softer print than forecasters anticipated. Unemployment Rate has now declined for 4 consecutive months. Over the past 3 months, Unemployment Rate averaged 5.3%, vs 4.4% in the prior 3-month window. The reading is in the 77th percentile of the trailing 24-month range.
Latest Release
4.7
Actual
5
Consensus
5
Previous
Median Absolute Error
±0.4 percentage points
across last 12 releases
Last Call
Jun 2026
Predicted: 5
Actual: 4.7
Error: +0.3
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
THE RELEASE
Unemployment Rate (Philippines) was reported at 4.7% in June 2026. This missed the market consensus of 5% by 0.3%. The reading fell from the previous value of 5%. Trailing 12-month context per ETL data through June 2026. Over the past 12 months, the indicator has averaged 4.49%, 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 4.97%, up from the prior three at 4.4%. Volatility over the past year (σ 0.67%) is higher than the prior year (σ 0.47%). In June 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 0.4%.
WHAT TO WATCH NEXT
The next release is scheduled for July 8, 2026. Same-country events in the next 14 days include Interest Rate Decision (Jun 18).
Auto-generated from current model state · Refreshes on each release · Last update June 2026.
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Unemployment Rate - PH
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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 (Apr 2026): actual 4.7 %, consensus 5 %. Prior reading (Mar 2026): 5 %. Before that (Feb 2026): 5.1 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with Hang Seng (Bullish Hang Seng, r=0.40) — a useful reference for index-focused traders.