Inflation and Unemployment : Economic Challenges Faced by the Philippines during Covid-19 Pandemic

Due to its lethal and contagious spread, which has raised health worries for everyone, the COVID-19 epidemic has significantly affected the world. Limited face-to-face interactions between people have been established to mitigate its transference, affecting how people move and communicate with each other and creating a massive impact on the global economy. The researchers were assigned to conduct a related study on employment and inflation. This study discusses the impact of COVID-19 on pre-pandemic and current unemployment and inflation in the Philippines. The researchers gathered and reviewed related literature using keyword and database searches to locate relevant studies and articles. Based on literature and accumulated information, the researchers conclude that COVID-19 negatively affected the Philippine economy, resulting in a definite increase in the unemployment rate and a rise in primary commodity prices as the reported inflation rate escalated