The unemployment rate in the Philippines jumped to 10.0 percent in the September quarter 2020 from 5.4 percent in the same quarter a year earlier, amid the economic downturn caused by the coronavirus crisis. The number of unemployed persons surged by 2.13 thousand to 4.57 million, while the number of employed dropped by 1.21 thousand to 41.31 million. Meanwhile, the labor force participation rate eased to 61.9 in the third quarter from 62.1 the prior year. Among employed persons, workers in the services sector made up 48.2 percent of the total, followed by those in the agriculture sector (32.5 percent) and industry (19.3 percent). source: National Statistics Office of Philippines

Unemployment Rate in Philippines averaged 8.31 percent from 1994 until 2020, reaching an all time high of 17.70 percent in the second quarter of 2020 and a record low of 4.50 percent in the fourth quarter 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 November of 2020.

Unemployment Rate in Philippines is expected to be 11.00 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 6.50 in 12 months time. In the long-term, the Philippines Unemployment Rate is projected to trend around 5.50 percent in 2021, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Philippines Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
10.00 17.70 17.70 4.50 1994 - 2020 percent Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2019-12-05 02:00 AM Q4 4.5% 5.4% 5.40%
2020-03-06 01:00 AM Q1 5.3% 4.5% 4.80%
2020-06-05 02:00 AM Q2 17.7% 5.3% 5.6%
2020-09-03 05:00 AM Q3 10% 17.7% 11%
2020-12-04 02:00 AM Q4 10% 6%
2021-03-06 01:00 AM Q1
2021-06-05 02:00 AM Q2
2021-09-03 05:00 AM Q3
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Philippines Q3 Jobless Rate Surges to 10%
The unemployment rate in the Philippines jumped to 10.0 percent in the September quarter 2020 from 5.4 percent in the same quarter a year earlier, amid the economic downturn caused by the coronavirus crisis. The number of unemployed persons surged by 2.13 thousand to 4.57 million, while the number of employed dropped by 1.21 thousand to 41.31 million. Meanwhile, the labor force participation rate eased to 61.9 in the third quarter from 62.1 the prior year. Among employed persons, workers in the services sector made up 48.2 percent of the total, followed by those in the agriculture sector (32.5 percent) and industry (19.3 percent).
2020-09-03
Philippines Q2 Jobless Rate Hits Record High
The unemployment rate in the Philippines jumped to 17.7 percent in the June quarter 2020 from 5.1 percent in the same quarter a year earlier. This was the highest jobless rate on record, amid ongoing coronavirus outbreak that led to an economic shutdown in the country. The number of unemployed persons surged by 4.99 thousand to a record high of 7.25 million, while the number of employed dropped by 8 thousand to 33.76 million. Meanwhile, the labor force participation rate slumped to the lowest on record of 55.6 percent. Among employed persons, workers in the services sector made up 57.1 percent of the total, followed by those in the agriculture sector (25.9 percent) and industry (17 percent).
2020-06-05
Philippines Q1 Jobless Rate Unchanged at 5.3%
The unemployment rate in the Philippines was at 5.3 percent in the March quarter 2020, unchanged from the same quarter a year earlier. The number of unemployed persons increased by 0.11 thousand to 2.39 million,while the number of employed grew by 1.6 thousand to 42.65 million. Meanwhile, the labor force participation rate went up to 61.7 percent from 60.3 percent a year ago. Among employed persons, workers in the services sector made up 58.6 percent of the total, followed by those in the agriculture sector (22.7 percent) and industry (18.8 percent).
2020-03-06
Philippines Q4 Jobless Rate Falls to Record Low of 4.5%
The unemployment rate in the Philippines dropped to the lowest on record of 4.5 percent in the December quarter 2019 from 5.1 percent in the corresponding period the prior year. The number of unemployed persons fell by 0.15 thousand to 2.05 million, while the number of employed grew by 1.8 thousand to 43.15 million. Meanwhile, the labor force participation rate increased to 61.5 percent from 60.6 percent a year ago. Among employed persons, workers in the services sector made up 57.7 percent of the total, followed by those in the agriculture sector (23.5 percent) and industry (18.9 percent).
2019-12-05

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.