Philippines Unemployment Rate  1994-2016 | Data | Chart | Calendar

Philippines unemployment rate fell to 5.7 percent in October of 2015, the lowest in the record, and beating market forecasts of 6.5 percent. There were around 39.8 million employed, slightly higher compared with 39.2 million in July this year. Unemployment Rate in Philippines averaged 8.78 percent from 1994 until 2015, reaching an all time high of 13.90 percent in the first quarter of 2000 and a record low of 5.70 percent in the fourth quarter of 2015. Unemployment Rate in Philippines is reported by the National Statistics Office of Philippines.

Philippines Unemployment Rate
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Actual Previous Highest Lowest Dates Unit Frequency
5.70 6.50 13.90 5.70 1994 - 2015 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. Philippines Unemployment Rate - actual data, historical chart and calendar of releases - was last updated on February of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-06-09 03:00 AM Q2 6.4% 6.6% 6.4%
2015-09-09 02:00 AM Q3 6.5% 6.4% 6.1%
2015-12-10 01:00 AM Q4 5.7% 6.5% 6.5%
2016-03-11 01:00 AM Q1 5.7% 6.3%
2016-06-09 01:00 AM Q2 6.2%
2016-09-09 01:00 AM Q3 6.32%

Philippines Jobless Rate Hits Record Low


Philippines unemployment rate fell to 5.7 percent in October of 2015, the lowest in the record, and beating market forecasts of 6.5 percent. The figure excludes Leyte Region.

In October, there were 2,372 thousand unemployed persons. Among the unemployed persons, 63.4 percent were males. The age group 15 to 24 years comprised 48.0 percent, while the age group 25 to 34 was at 32.1 percent. By educational attainment, 22.6 percent of the unemployed were college graduates, 13.3 percent were college undergraduates, and 43.6 percent were high school graduates.

The number of underemployed was 7,021 persons. More than 50 percent worked for less than 40 hours a week. 40.0 percent of underemployed worked in the agriculture sector, while 42.3 percent were in the services sector. Those in the industry sector accounted for 17.8 percent. 

There were 39,779 thousand employed persons. 54.5 percent worked in the services sector, 29.6 percent in agriculture and the remaining 15.9 percent in the industry sector . 

The labour force participation rate fell to 63.4 percent, down from 64.3 percent a year ago.

In July 2015, unemployment rate in the country stood at 6.5 percent, slightly up from 6.4 percent in April.

PSA l Rida Husna | rida@tradingeconomics.com
12/10/2015 2:56:37 AM

Philippines Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.70 6.50 13.90 5.70 percent [+]
Employed Persons 39779.00 39174.00 39779.00 18567.00 Thousand [+]
Unemployed Persons 2372.00 2724.00 4989.00 1720.00 Thousand [+]
Labor Force Participation Rate 63.30 62.90 94.70 62.90 percent [+]
Job Vacancies 199942.00 199942.00 290741.00 3036.00 [+]
Wages 8280.00 7995.00 8280.00 5798.00 PHP/Month [+]
Wages in Manufacturing 1468.76 1100.55 1468.76 638.86 Index Points [+]
Population 100.10 98.80 100.10 26.27 Million [+]
Employment Rate 94.40 93.50 94.40 85.60 percent [+]




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