The unemployment rate in the Philippines inched lower to 5.2 percent in the March quarter of 2019 from 5.3 percent a year ago. The number of unemployed persons fell by 118 thousand to 2.20 million and the number of employed dropped 387 thousand to 41.37 million. Meanwhile, the labor force participation rate declined to 60.2 percent from 62.2 percent. Among employed persons, workers in the services sector made up 58.1 percent of the total, followed by those in the agriculture sector (22.1 percent) and industry (19.7 percent). Unemployment Rate in Philippines averaged 8.34 percent from 1994 until 2019, reaching an all time high of 13.90 percent in the first quarter of 2000 and a record low of 4.70 percent in the fourth quarter of 2016.

Unemployment Rate in Philippines is expected to be 5.00 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 5.40 in 12 months time. In the long-term, the Philippines Unemployment Rate is projected to trend around 4.20 percent in 2020, according to our econometric models.

Philippines Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-06-05 01:00 AM Unemployment Rate 5.5% 5.3% 5.4%
2018-09-05 02:00 AM Unemployment Rate 5.4% 5.5% 5.4%
2018-12-05 01:00 AM Unemployment Rate 5.1% 5.4% 5.3%
2019-03-07 02:00 AM Unemployment Rate 5.2% 5.1% 5%
2019-06-05 02:00 AM Unemployment Rate 5.2% 5.50%
2019-09-05 02:00 AM Unemployment Rate 5.30%
2019-12-05 02:00 AM Unemployment Rate 5.40%


Philippines Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.20 5.10 13.90 4.70 percent [+]
Employed Persons 41368.00 41329.00 41755.00 18567.00 Thousand [+]
Unemployed Persons 2202.26 2202.00 4989.00 1720.00 Thousand [+]
Labor Force Participation Rate 60.19 60.56 71.50 60.10 percent [+]
Wages 10458.00 9876.00 10458.00 5798.00 PHP/Month [+]
Wages in Manufacturing 1660.90 1838.40 1838.40 638.86 Index Points [+]
Population 107.00 105.30 107.00 26.27 Million [+]
Minimum Wages 537.00 512.00 537.00 89.00 PHP/day [+]
Employment Rate 94.76 94.94 95.30 85.60 percent [+]


Philippines Unemployment Rate

In Philippines, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides - Philippines Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Philippines Unemployment Rate - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
5.20 5.10 13.90 4.70 1994 - 2019 percent Quarterly




Country Last Previous
South Africa 27.60 Mar/19
Spain 14.70 Mar/19
Turkey 14.70 Feb/19
Brazil 12.70 Mar/19
Italy 10.20 Mar/19
Argentina 9.10 Dec/18
France 8.70 Mar/19
Euro Area 7.70 Mar/19
Saudi Arabia 6.00 Dec/18
Canada 5.70 Apr/19
Australia 5.20 Apr/19
Indonesia 5.01 Mar/19
Russia 4.70 Mar/19
South Korea 4.10 Apr/19
United Kingdom 3.80 Mar/19
China 3.67 Mar/19
United States 3.60 Apr/19
India 3.53 Dec/18
Netherlands 3.30 Apr/19
Germany 3.20 Mar/19
Mexico 3.20 Mar/19
Japan 2.50 Mar/19
Switzerland 2.40 Apr/19
Singapore 2.20 Mar/19


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