The unemployment rate in the Philippines sharply dropped to 5% in September of 2022, the lowest record since December of 2019, from 8.9% in the same month a year earlier. The number of unemployed was at 2.50 million, down sharply from 4.28 million in September 2021. Meantime, the number of employed came in at 47.58 million, jumping from 43.59 million the year before. The labor force participation rate went up to 65.2% from 63.3% in September of 2021. Among employed persons, workers in service sector made up 58.9% of the total, followed by agriculture sector (22.5%) and industry sector (18.6%). source: Philippine Statistics Authority

Unemployment Rate in Philippines averaged 8.47 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 December of 2022.

Unemployment Rate in Philippines is expected to be 5.90 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 6.10 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
2022-10-06 02:30 AM Aug 5.3% 5.2% 5.9%
2022-11-08 01:00 AM Sep 5% 5.3% 5.5%
2022-12-07 01:00 AM Oct 5% 5.1%


Related Last Previous Unit Reference
Unemployment Rate 5.00 5.30 percent Sep 2022
Employed Persons 47391.50 45631.23 Thousand Sep 2022
Unemployed Persons 2602.12 2762.16 Thousand Sep 2022
Labor Force Participation Rate 65.20 66.10 percent Sep 2022
Wages in Manufacturing 121.81 121.65 points Dec 2020
Employment Rate 95.00 94.70 percent Sep 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
5.00 5.30 17.60 4.59 1986 - 2022 percent Monthly
NSA

News Stream
Philippines Jobless Rate Lowest Since 2019
The unemployment rate in the Philippines sharply dropped to 5% in September of 2022, the lowest record since December of 2019, from 8.9% in the same month a year earlier. The number of unemployed was at 2.50 million, down sharply from 4.28 million in September 2021. Meantime, the number of employed came in at 47.58 million, jumping from 43.59 million the year before. The labor force participation rate went up to 65.2% from 63.3% in September of 2021. Among employed persons, workers in service sector made up 58.9% of the total, followed by agriculture sector (22.5%) and industry sector (18.6%).
2022-11-08
Philippines Jobless Rate Down to 5.3% in August
The unemployment rate in the Philippines dropped sharply to 5.3 percent in August 2022 from 8.1 percent in the same month a year earlier, as the economy recovered further from the coronavirus disruptions. The number of unemployed was at 2.68 million, down from 3.88 million in August 2021. Meantime, the number of employed came in at 47.87 million, jumping from 44.23 million the year before. The services sector registered the highest share in the number of employed persons (59.9 percent), followed by agriculture (22.6 percent) and the industry sector (17.5 percent). The labor force participation rate increased to 66.1 percent from 63.6 in August 2021. In August 2022, the jobless rate was at 5.2 percent.
2022-10-06
Philippines Jobless Rate Down to 5.2%
The unemployment rate in the Philippines dropped to 5.2 percent in July 2022 from 7.2 percent in the same month a year earlier, as the economy recovered further from the coronavirus disruptions. The number of unemployed was at 2.60 million, down from 3.23 million in July 2021. Meantime, the number of employed came in at 47.39 million, jumping from 41.67 million the year before. The labor force participation rate increased to 65.2 percent from 59.4 in July 2021. In June 2022, the jobless rate was at 6.0 percent.
2022-09-08