Philippines Unemployment Rate - Forecast

Unemployment Rate in Philippines is expected to be 5.40 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 5.50 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.


Forecast Data Chart
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Philippines Labour Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 5.4 5.4 5.3 5.4 5.5 5.2
Employed Persons 40659 40659 41300 41650 41960 43700
Unemployed Persons 2323 2323 2500 2520 2560 2700
Labor Force Participation Rate 60.1 60.1 61.2 62 62.4 64
Wages 10113 11500 11500 12000 12000 12500
Wages in Manufacturing 1252 1700 1750 1300 1450 1950
Population 105 106 106 106 106 107
Employment Rate 94.6 94.6 94.2 94.1 94.6 94.3