The unemployment rate in the Philippines rose to 5.1 percent in the last quarter of 2018 from 5.0 percent in the same period a year earlier. The number of unemployed persons went up by 17 thousand to 2.20 million while the number of employed dropped by 218 thousand to 41.33 million. Meanwhile, the labor force participation rate declined to 60.6 percent from 62.1 percent. Among employed persons, workers in the services sector made up 56.8 percent of the total employed, followed by those in the agriculture sector (24.1 percent) and industry (19.1 percent). Unemployment Rate in Philippines averaged 8.38 percent from 1994 until 2018, reaching an all time high of 13.90 percent in the first quarter of 2000 and a record low of 4.70 percent in the fourth quarter of 2016.

Unemployment Rate in Philippines is expected to be 5.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Philippines to stand at 5.20 in 12 months time. In the long-term, the Philippines Unemployment Rate is projected to trend around 5.20 percent in 2020, according to our econometric models.

Philippines Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-03-07 02:00 AM Unemployment Rate 5.3% 5.0% 5.7%
2018-06-05 01:00 AM Unemployment Rate 5.5% 5.3% 5.4%
2018-09-05 02:00 AM Unemployment Rate 5.4% 5.5% 5.4%
2018-12-05 01:00 AM Unemployment Rate 5.1% 5.4% 5.3%
2019-03-07 02:00 AM Unemployment Rate 5.4%
2019-06-05 01:00 AM Unemployment Rate 5.5%
2019-09-05 02:00 AM Unemployment Rate 5.2%


Philippines Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.10 5.40 13.90 4.70 percent [+]
Employed Persons 41329.00 40659.00 41755.00 18567.00 Thousand [+]
Unemployed Persons 2202.00 2323.00 4989.00 1720.00 Thousand [+]
Labor Force Participation Rate 60.56 60.10 71.50 60.10 percent [+]
Wages 10113.00 9581.80 10113.00 5798.00 PHP/Month [+]
Wages in Manufacturing 1686.41 1251.70 1731.22 638.86 Index Points [+]
Population 104.90 103.90 104.90 26.27 Million [+]
Employment Rate 94.94 94.60 95.30 85.60 percent [+]


Philippines Unemployment Rate

In Philippines, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides - Philippines Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Philippines Unemployment Rate - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
5.10 5.40 13.90 4.70 1994 - 2018 percent Quarterly




Country Last Previous
South Africa 27.50 Sep/18
Spain 14.55 Sep/18
Brazil 11.70 Oct/18
Turkey 11.10 Aug/18
Italy 10.60 Oct/18
Argentina 9.60 Jun/18
France 9.10 Sep/18
Euro Area 8.10 Oct/18
Saudi Arabia 6.00 Jun/18
Canada 5.60 Nov/18
Indonesia 5.34 Sep/18
Australia 5.00 Oct/18
Russia 4.70 Oct/18
United Kingdom 4.10 Oct/18
China 3.82 Sep/18
South Korea 3.80 Nov/18
Netherlands 3.70 Oct/18
United States 3.70 Nov/18
India 3.52 Dec/17
Germany 3.30 Oct/18
Mexico 3.20 Oct/18
Switzerland 2.50 Nov/18
Japan 2.40 Oct/18
Singapore 2.10 Sep/18


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