Philippines Unemployment Rate  Forecast


Unemployment Rate in Philippines is expected to be 6.20 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 6.50 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 Unemployment Rate
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Philippines Labour Last Q3/17 Q4/17 Q1/18 Q2/18 2020
Unemployment Rate 5.6 6.2 6 6.4 6.5 6.3
Employed Persons 40170 41100 41500 40500 41000 43700
Unemployed Persons 2373 2500 2300 2900 2700 2700
Labor Force Participation Rate 60.6 62 62.8 61.8 62.1 64
Job Vacancies 199942 186461 190461 186461 186461 306461
Wages 8280 8700 8530 8585 8640 10300
Wages in Manufacturing 1539 1690 1650 1250 1770 2020
Population 104 106 106 107 107 110
Employment Rate 94.4 93.8 94 93.6 93.8 94.3