Philippines Unemployment Rate

The unemployment rate in the Philippines dropped to 5.4 percent in the September quarter of 2018 from 5.6 percent a year ago. The number of unemployed persons went down by 50 thousand to 2.32 million while the number of employed increased by 488 thousand to 40.66 million. Meanwhile, the labor force participation rate declined to 60.1 percent from 60.6 percent. Among employed persons, workers in the services sector made up 57.5 percent of the total, followed by those in the agriculture sector (23.1 percent) and industry (19.4 percent). Unemployment Rate in Philippines averaged 8.41 percent from 1994 until 2018, 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.

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Calendar	GMT		Actual	Previous	TEForecast
2018-03-07	02:00 AM	Unemployment Rate	5.3%	5.0%	5.7%
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		5.4%	5.3%

Philippines Labour	Last	Previous	Highest	Lowest	Unit
Unemployment Rate	5.40	5.50	13.90	4.70	percent	[+]
Employed Persons	40659.00	40896.00	41755.00	18567.00	Thousand	[+]
Unemployed Persons	2323.00	2360.00	4989.00	1720.00	Thousand	[+]
Labor Force Participation Rate	60.10	60.90	71.50	60.10	percent	[+]
Wages	10113.00	9581.80	10113.00	5798.00	PHP/Month	[+]
Wages in Manufacturing	1686.41	1251.70	1731.22	638.86	Index Points	[+]
Population	104.90	103.90	104.90	26.27	Million	[+]
Employment Rate	94.60	94.50	95.30	85.60	percent	[+]

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 November of 2018.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	5.40	5.50	13.90	4.70	1994 - 2018	percent	Quarterly

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Country	Last		Previous	Highest	Lowest
South Africa	27.50	Sep/18	27.2	31.2	21.5	%	Quarterly
Spain	14.55	Sep/18	15.28	26.94	4.41	%	Quarterly
Brazil	11.90	Sep/18	12.1	13.7	6.2	%	Monthly
Turkey	10.80	Jul/18	10.2	14.8	7.3	%	Monthly
Italy	10.10	Sep/18	9.8	13.1	5.8	%	Monthly
Argentina	9.60	Jun/18	9.1	20.8	5.9	%	Quarterly
France	9.10	Jun/18	9.2	10.7	7.2	%	Quarterly
Euro Area	8.10	Sep/18	8.1	12.1	7.3	%	Monthly
Saudi Arabia	6.00	Jun/18	6.1	6.3	4.35	%	Quarterly
Canada	5.80	Oct/18	5.9	13.1	2.9	%	Monthly
Indonesia	5.34	Jun/18	5.13	11.24	2	%	Quarterly
Australia	5.00	Oct/18	5	11.2	4	%	Monthly
Russia	4.50	Sep/18	4.6	14.1	4.5	%	Monthly
United Kingdom	4.10	Sep/18	4	12	3.4	%	Monthly
South Korea	3.90	Oct/18	4.2	7.1	3	%	Monthly
China	3.82	Sep/18	3.83	4.3	3.82	%	Quarterly
Netherlands	3.70	Oct/18	3.7	7.9	3.6	%	Monthly
United States	3.70	Oct/18	3.7	10.8	2.5	%	Monthly
Mexico	3.60	Sep/18	3.5	6.42	2.22	%	Monthly
India	3.52	Dec/17	3.51	8.3	3.41	%	Yearly
Germany	3.40	Sep/18	3.4	11.5	0.4	%	Monthly
Switzerland	2.40	Oct/18	2.4	5.7	1.5	%	Monthly
Japan	2.30	Sep/18	2.4	5.5	1	%	Monthly
Singapore	2.10	Sep/18	2	6	1.4	%	Quarterly