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 5.40 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 Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 5.3 5.4 5.4 5.3 5.4 6.3
Employed Persons 41755 41000 41061 41300 41968 43700
Unemployed Persons 2320 2400 2331 2500 2331 2700
Labor Force Participation Rate 62.2 62.1 61.57 63.1 61.57 64
Wages 10113 11500 11500 11500 12000 12500
Wages in Manufacturing 1650 1770 1850 1800 1300 2020
Population 105 107 106 107 106 109
Employment Rate 94.7 93.8 94.59 94.2 94.59 94.3