Philippines Unemployment Rate  Forecast


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Unemployment Rate in Philippines is expected to be 6.00 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 5.80 in 12 months time. In the long-term, the Philippines Unemployment Rate is projected to trend around 6.30 percent in 2020, according to our econometric models.


Philippines Labour Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 5.6 6 6.4 6.5 5.8 6.3
Employed Persons 40170 41500 40500 41000 40201 43700
Unemployed Persons 2373 2300 2900 2700 2448 2700
Labor Force Participation Rate 60.6 62.8 61.8 62.1 60.87 64
Wages 8990 8530 8585 8640 8695 10300
Wages in Manufacturing 1616 1650 1250 1770 1554 2020
Population 104 106 107 107 107 110
Employment Rate 94.4 94 93.6 93.8 94.19 94.3