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).

Unemployment Rate in Philippines averaged 8.24 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 4.50 percent in the fourth quarter of 2019. This page provides - Philippines Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: National Statistics Office of Philippines

Unemployment Rate in Philippines is expected to be 4.80 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 5.20 in 12 months time. In the long-term, the Philippines Unemployment Rate is projected to trend around 5.20 percent in 2021 and 4.20 percent in 2022, according to our econometric models.


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Philippines Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
4.50 5.40 13.90 4.50 1994 - 2019 percent Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2019-03-07 02:00 AM Q1 5.2% 5.1% 5%
2019-06-05 02:00 AM Q2 5.1% 5.2% 5.50%
2019-09-05 02:00 AM Q3 5.4% 5.1% 5.30%
2019-12-05 02:00 AM Q4 4.5% 5.4% 5.40%
2020-03-06 02:00 AM Q1 4.5% 4.80%
2020-06-05 02:00 AM Q2 5.20%
2020-09-04 02:00 AM Q3 5.10%
2020-12-04 02:00 AM Q4 5.20%


News Stream
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 Q3 Jobless Rate Unchanged at 5.4%
The unemployment rate in the Philippines stood at 5.4 percent in the September quarter 2019, the same pace as in the corresponding period the prior year. The number of unemployed persons edged down by 0.1 thousand to 2.43 million, while the number of employed grew by 2.3 thousand to 42.95 million. Meanwhile, the labor force participation rate increased to 62.1 percent from 60.1 percent a year ago. Among employed persons, workers in the services sector made up 57.8 percent of the total, followed by those in the agriculture sector (23.5 percent) and industry (18.7 percent).
2019-09-05
Philippines Q2 Jobless Rate Falls to 5.1%
The unemployment rate in the Philippines dropped to 5.1 percent in the June quarter 2019 from 5.5 percent a year ago. The number of unemployed persons fell by 75 thousand to 2.29 million while the number of employed grew by 135 thousand to 42.24 million. Meanwhile, the labor force participation rate increased to 61.4 percent from 60.9 percent. Among employed persons, workers in the services sector made up 58.5 percent of the total, followed by those in the agriculture sector (22.3 percent) and industry (19.2 percent).
2019-06-05
Philippines Q1 Jobless Rate Edges Down to 5.1%
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).
2019-03-07

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.