The unemployment rate in the Philippines stood at 5.4 percent in the September quarter 2019, the same pace as in the corresponding period the prior year. The number of unemployed persons edged down by 0.1 thousand to 2.43 million, while the number of employed grew by 2.3 thousand to 42.95 million. Meanwhile, the labor force participation rate increased to 62.1 percent from 60.1 percent a year ago. Among employed persons, workers in the services sector made up 57.8 percent of the total, followed by those in the agriculture sector (23.5 percent) and industry (18.7 percent). Unemployment Rate in Philippines averaged 8.28 percent from 1994 until 2019, 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 4.20 percent in 2020, according to our econometric models.

Philippines Unemployment Rate
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2018-12-05 01:00 AM Unemployment Rate Q4 5.1% 5.4% 5.3%
2019-03-07 02:00 AM Unemployment Rate Q1 5.2% 5.1% 5%
2019-06-05 02:00 AM Unemployment Rate Q2 5.1% 5.2% 5.50%
2019-09-05 02:00 AM Unemployment Rate Q3 5.4% 5.1% 5.30%
2019-12-05 02:00 AM Unemployment Rate Q4 5.4% 5.40%


Philippines Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.40 5.10 13.90 4.70 percent [+]
Employed Persons 42953.00 42242.00 42953.00 18567.00 Thousand [+]
Unemployed Persons 2432.00 2286.00 4989.00 1720.00 Thousand [+]
Labor Force Participation Rate 62.06 61.39 71.50 60.10 percent [+]
Wages 10458.00 9876.00 10458.00 5798.00 PHP/Month [+]
Wages in Manufacturing 98.49 108.99 118.28 48.63 Index Points [+]
Population 107.00 105.30 107.00 26.27 Million [+]
Minimum Wages 537.00 512.00 537.00 89.00 PHP/day [+]
Employment Rate 94.64 94.87 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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
5.40 5.10 13.90 4.70 1994 - 2019 percent Quarterly




Country Last Previous
South Africa 29.00 Jun/19
Spain 14.02 Jun/19
Turkey 13.00 Jun/19
Brazil 11.80 Jul/19
Argentina 10.60 Jun/19
Italy 9.90 Jul/19
France 8.50 Jun/19
Euro Area 7.50 Jul/19
India 6.00 Dec/18
Canada 5.70 Aug/19
Saudi Arabia 5.60 Jun/19
Australia 5.30 Aug/19
Indonesia 5.01 Mar/19
Russia 4.30 Aug/19
United Kingdom 3.80 Jul/19
Mexico 3.70 Jul/19
United States 3.70 Aug/19
China 3.61 Jun/19
Netherlands 3.50 Aug/19
South Korea 3.10 Aug/19
Germany 3.00 Jul/19
Japan 2.20 Jul/19
Singapore 2.20 Jun/19
Switzerland 2.10 Aug/19


Related

Latest