Philippines Unemployment Rate 1994-2014 | Data | Chart | Calendar

Unemployment Rate in Philippines decreased to 7.0 percent in the first quarter of 2014 from 7.50 percent in the fourth quarter of 2013. Unemployment Rate in Philippines averaged 9.01 Percent from 1994 until 2013, reaching an all time high of 13.90 Percent in the first quarter of 2000 and a record low of 6.30 Percent in the third quarter of 2007. Unemployment Rate in Philippines is reported by the National Statistics Office of Philippines.

   
 
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Philippines Unemployment Rate


Actual Previous Highest Lowest Dates Unit Frequency
7.00 7.50 13.90 6.30 1994 - 2014 Percent Quarterly
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. Content for - Philippines Unemployment Rate - was last refreshed on Wednesday, August 20, 2014.


Philippines Unemployment Rate Down to 7%


In April of 2014, Philippines jobless rate decreased to 7 percent from 7.5 in the previous period and 7.6 percent a year ago. Figures from the province of Leyte which was hit by typhoon Haiyan are not included.

Among the unemployed persons in April of 2014, 61.7 percent were males. Of the total unemployed, the age group 15 to 24 years comprised 49.8 percent, while the age group 25 to 34, 30.5 percent. By educational attainment, one-fifth (22.4 percent) of the unemployed were college graduates, 14.5 percent were college undergraduates, and 32.7 percent were high school graduates.

Underemployed persons who work for less than 40 hours in a week for 61.0 percent of the total underemployed in April 2014. The proportion in the same month of 2013 was lower (53.7 percent). By comparison, the underemployed persons who worked for 40 hours or more in a week made up 36.4 percent. By sector, 41.3 percent of the underemployed worked in the agriculture sector, while 40.9 percent were in the services sector. Those in the industry sector accounted for 17.8 percent.

The employment rate in April of 2014 is estimated at 93.0 percent and the number of employed persons rose to 38.66 million, from 37.01 million recorded a year ago. The labor force participation rate is estimated at 65.2 percent.

National Statistics Office | Joana Taborda | joana.taborda@tradingeconomics.com
6/10/2014 11:11:43 AM


Recent Releases

Philippines Unemployment Rate Up to 7.5%
In January of 2014, Philippines jobless rate rose to 7.5 percent, up from 6.5 percent in the previous period and 7.1 percent a year ago. Typhoon-hit region VIII was not covered in the survey. Published on 2014-03-11

Philippines Unemployment Rate Down to 2-Year Low in October
In October of 2013, Philippines jobless rate fell to 6.5 percent, the lowest value since since October of 2011. Published on 2013-12-10


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2013-09-10 03:30 AM Philippines
Unemployment Rate
Q2 2013 7.3% 7.5% 7.7%
2013-12-10 04:30 AM Philippines
Unemployment Rate
Q3 2013 6.5% 7.3% 7.4%
2014-03-11 01:00 AM Philippines
Unemployment Rate
Q4 2013 7.5% 6.5% 7%
2014-06-10 02:00 AM Philippines
Unemployment Rate
Q1 2014 7% 7.5% 7.5%
2014-09-10 02:00 AM Philippines
Unemployment Rate
Q2 2014 7% 8.8%


Labour Last Previous Highest Lowest Unit
Unemployment Rate 7.00 7.50 13.90 6.30 Percent [+]
Employed Persons 38665.00 36420.00 38665.00 18567.00 Thousand [+]
Unemployed Persons 2924.00 2969.00 4989.00 1720.00 Thousand [+]
Job Vacancies 319720.00 199942.00 319720.00 3036.00 [+]
Labor Force Participation Rate 65.20 63.80 94.70 63.20 Percent [+]
Wages 2413.82 2693.75 2693.75 870.27 Index Points [+]
Wages in Manufacturing 1026.35 1316.09 1412.89 638.86 Index Points [+]
Population 97.35 95.77 97.35 26.27 Million [+]





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