The unemployment rate in the Philippines dropped to 5.8 percent in March 2022 from 7.1 percent in the same month a year earlier, as the economy recovered from the coronavirus disruptions. The number of unemployed was at 2.88 million, down from 3.44 million in March 2021. Meanwhile, the number of employed came in at 46.98 million, up from 4533 million the year before. Among employed persons, workers in the services sector made up 57.4 percent of the total, followed by those in the agriculture sector (25.2 percent) and industry (17.4 percent). The labor force participation rate edged up to 65.4 percent, the highest since the start of the pandemic, from 65.0 in March 2021. In February, the jobless rate was at 6.4 percent. source: Philippine Statistics Authority

Unemployment Rate in Philippines averaged 8.59 percent from 1986 until 2022, reaching an all time high of 17.60 percent in June of 2020 and a record low of 4.59 percent in December of 2019. This page provides - Philippines Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Philippines Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on May of 2022.

Unemployment Rate in Philippines is expected to be 6.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Philippines Unemployment Rate is projected to trend around 6.20 percent in 2023 and 6.00 percent in 2024, according to our econometric models.

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Philippines Unemployment Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-04-07 01:00 AM Feb 6.4% 6.4% 6.4%
2022-05-06 01:00 AM Mar 5.8% 6.4% 6.3%
2022-06-10 01:00 AM Apr 5.8%


Related Last Previous Unit Reference
Unemployment Rate 5.80 6.40 percent Mar 2022
Employed Persons 43018.07 43826.27 Thousand Mar 2022
Unemployed Persons 2925.43 3503.76 Thousand Mar 2022
Labor Force Participation Rate 63.80 60.50 percent Feb 2022
Wages in Manufacturing 121.81 121.65 points Dec 2020
Employment Rate 93.60 93.60 percent Feb 2022

Philippines Unemployment Rate
In the Philippines, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.
Actual Previous Highest Lowest Dates Unit Frequency
5.80 6.40 17.60 4.59 1986 - 2022 percent Monthly
NSA

News Stream
Philippines Jobless Rate Down to 5.8% in March
The unemployment rate in the Philippines dropped to 5.8 percent in March 2022 from 7.1 percent in the same month a year earlier, as the economy recovered from the coronavirus disruptions. The number of unemployed was at 2.88 million, down from 3.44 million in March 2021. Meanwhile, the number of employed came in at 46.98 million, up from 4533 million the year before. Among employed persons, workers in the services sector made up 57.4 percent of the total, followed by those in the agriculture sector (25.2 percent) and industry (17.4 percent). The labor force participation rate edged up to 65.4 percent, the highest since the start of the pandemic, from 65.0 in March 2021. In February, the jobless rate was at 6.4 percent.
2022-05-06
Philippines Jobless Rate Down to 6.4%
The unemployment rate in the Philippines dropped to 6.4 percent in February 2022 from 8.8 percent in the same month a year earlier, as the economy recovered from the coronavirus disruptions. The number of unemployed was at 3.13 million, down from 4.19 million in February 2021. Meanwhile, the number of employed came in at 45.48 million, up from 43.15 million the year before. Among employed persons, workers in the services sector made up 58.2 percent of the total, followed by those in the agriculture sector (23.9 percent) and industry (17.9 percent). The labor force participation rate edged up to 63.8 percent from 63.5 in February 2021. In January, the jobless rate was also at 6.4 percent.
2022-04-07
Philippines Jobless Rate Down to 6.4%
The unemployment rate in the Philippines dropped to 6.4 percent in January 2022 from 8.8 percent in the same month a year earlier, as the economy recovered from the coronavirus disruptions. The number of unemployed was at 2.93 million, down from 3.96 million in January 2021. Meanwhile, the number of employed came in at 43.02 million, up from 41.25 million the year before. Among employed persons, workers in the services sector made up 58.9 percent of the total, followed by those in the agriculture sector (21.7 percent) and industry (19.3 percent). The labor force participation rate was unchanged at 60.5 percent. In December 2021, the jobless rate was at 6.6 percent.
2022-03-18