Philippines Unemployment Rate

Unemployment Rate in Philippines increased to 7.50 percent in the fourth quarter of 2013 from 6.50 percent in the third quarter of 2013. Unemployment Rate in Philippines is reported by the National Statistics Office of Philippines. 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. 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. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
7.50 6.50 13.90 6.30 7.50 | 2014/03 1994 - 2013 Percent Quarterly


Philippines Unemployment Rate

CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-06-11 04:30 AM Philippines
Unemployment Rate
Q1 2013 7.5% 7.1% 7.12%
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 7.5% 7.5%
2014-09-10 02:00 AM Philippines
Unemployment Rate
Q2 2014 9%

Labour Last Previous Highest Lowest Forecast Unit
Employed Persons 36420.00 2014-03-31 37733.00 38545.00 18567.00 36818.20 2014-06-30 Thousand [+]
Job Vacancies 319720.00 2009-06-15 199942.00 319720.00 3036.00 307923.17 2009-07-31 [+]
Labor Force Participation Rate 63.80 2014-02-15 63.90 94.70 63.20 64.58 2014-06-30 Percent [+]
Unemployment Rate 7.50 2013-12-31 6.50 13.90 6.30 7.50 2014-03-31 Percent [+]
Unemployed Persons 2969.00 2014-03-31 2602.00 4989.00 1720.00 3154.37 2014-06-30 Thousand [+]
Wages 2327.50 2013-02-15 2613.30 2613.30 870.27 2440.47 2013-06-30 Index Points [+]
Wages in Manufacturing 1057.50 2013-02-15 1240.20 1391.40 638.86 1141.68 2013-06-30 Index Points [+]
Population 95.80 2012-12-31 94.85 95.80 27.06 96.77 2013-12-31 Million [+]

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.

There were nearly 3 million unemployed in the Philippines, up from 2.8 million in January 2013. Among the regions, the National Capital Region continued to have the highest unemployment rate at 11.2 percent, while it was 9.5 percent for January 2013.

Among the unemployed persons, 63.9 percent were males. Of the total unemployed, the age group 15 to 24 years comprised 48.2 percent, while the age group 25 to 34, 29.9 percent. By educational attainment, about one-fifth (19.8 percent) of the unemployed were college graduates, 13.3 percent were college undergraduates, and 34.0 percent were high school graduates.

The employment rate is estimated at 92.5 percent. Workers in the services sector continued to comprise the largest proportion of the population who are employed. These workers made up 54.1 percent of the total employed in January 2014. Employed in agriculture sector comprised the second largest group making up 30.0 percent, while workers in the industry sector made up the smallest group registering 15.9 percent. Among the major occupation groups, the laborers and unskilled workers remained the largest group making up 31.3 percent of the total employed.

National Statistics Office | Isabel Felino |
3/11/2014 1:51:38 PM


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

Philippines Unemployment Rate At 7.3% in July
Philippines jobless rate dropped to 7.3 percent in July from 7.5 percent reported in April. Over a year ago, the number of unemployed people increased 200 thousand to 3 million. Published on 2013-09-10

Unemployment Rate | Notes
The unemployment rate can be defined as the number of people actively looking for a job divided by the labour force. Changes in unemployment depend mostly on inflows made up of non-employed people starting to look for jobs, of employed people who lose their jobs and look for new ones and of people who stop looking for employment.


Philippines Inflation Rate Edges Down in March  
Philippines annual consumer prices decelerated for the second straight month to 3.9 percent, the lowest rate in four months, due to a slowdown in prices of alcoholic beverages, tobacco, housing, water, electricity, gas, recreation and restaurants.
Philippines Leaves Rates on Hold, Raises Bank Reserve Requirements  
At its March 27th, 2014 meeting, Philippines' Central Bank decided to leave the key policy rate steady at 3.50 percent, but raised banks' reserve requirements by 1 percentage point effective on April 4th, 2014 to curb excess liquidity.
Philippines’ Trade Deficit Doubles in January  
The trade deficit widened in January of 2014 to USD -1.38 billion from USD -0.72 billion a year earlier and USD -0.70 billion in December of 2013. While exports climbed for the eighth consecutive month, imports posted the highest increase in nearly 3 years.
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.
Philippines Inflation Rate Slows in February  
Philippines annual inflation fell to 4.1 percent in February from 4.2 percent in January, as alcoholic beverages, tobacco and transport prices rose at a slower pace. On a monthly basis, the inflation rate eased from 0.7 percent in January to 0.1 percent in February, as the country starts to recover from supply shocks caused by November’s Typhoon Haiyan.
Philippines Trade Deficit Narrows in 2013  
In 2013, Philippines trade deficit decreased 23 percent to USD 7.73 billion, from USD 10.03 billion in the previous year, due to a 3.6 percent rise in sales. Considering the last month of 2013, the trade deficit narrowed to USD 695 million.
Philippines Monetary Policy Unchanged in February  
At its February 2nd meeting, Philippines' Central Bank decided to keep its key policy rate unchanged at 3.50 percent as recent inflationary pressures are mainly due to adverse weather conditions.
Philippines Inflation Rate Accelerates in January  
In January of 2014, Philippines annual inflation rate rose to 4.2 percent, up from 4.1 percent recorded in December and closer to the upper end of the central bank's 3.4 to 4.3 percent estimate for the month.
Philippines GDP Expands 1.5% QoQ in Q4 2013  
In the fourth quarter of 2013, Philippines GDP advanced 1.5 percent over the previous quarter, slightly up from a revised 1.3 percent in the previous three-month period and boosted by the industrial production.
Philippines Q4 2013 GDP Growth Hurt by Typhoon Haiyan  
In the fourth quarter of 2013, Philippines GDP slowed to an annual growth rate of 6.5 percent, down from a revised 6.9 percent in the previous three months and 7.1 percent a year earlier. Although Typhoon Haiyan hit the economy, robust household consumption made the GDP figures better than initial government estimates. Full 2013 GDP expanded 7.2 percent.


South Korean Economy Expands at a Fastest Pace  
In the first quarter of 2014, South Korea’s GDP accelerated for the fourth straight quarter to an annual 3.9 percent growth rate, driven by exports.
South Korea GDP Growth Beats Expectations in Q1  
South Korean GDP expanded a seasonally adjusted 0.9 percent on quarter in the first three months of 2014, the same rate recorded in the previous quarter and above market expectations.
Reserve Bank of New Zealand Increases Interest Rate to 3.0%  
At its April 23rd, 2014 meeting, the Reserve Bank of New Zealand lifted the benchmark interest rate for the second straight meeting by 25 bps to 3.0 percent, as inflationary pressures were increasing and were expected to continue doing so over the next two years.
US New Home Sales Fall Sharply in March  
Sales of new single-family houses dropped 14.5 percent in March of 2014 to their lowest level in eight months. Sales were recorded at a seasonally adjusted annual rate of 384,000, below the revised February rate of 449,000.
US Markit Manufacturing PMI Steady in April  
At 55.4 in April, the Markit Flash U.S. Manufacturing PMI was down fractionally from 55.5 in March, but still well above the neutral 50.0 value. Sharper rates of output and new business growth boosted the Manufacturing PMI during April, while the main negative influence on the headline index was a rise in the suppliers’ delivery times component.
Bank of Thailand Leaves Interest Rate Unchanged  
At its April 23rd, 2014 meeting, the Monetary Policy Committee left the benchmark interest rate on hold at 2.0 percent. Policymakers expect 2014 growth to be lower than previous assessed due to prolonged political unrest.
South Africa Inflation Rate Back to 6%  
South African annual consumer prices accelerated for the fourth straight month in March of 2014 to a six-month high 6 percent. On a monthly basis, prices advanced 1.3 percent, the fastest pace in five years.
Singapore Inflation Rate Edges Up in March  
Annual consumer prices rose 1.2 percent in March of 2014, up from a 0.4 percent increase in February, mainly due to a smaller fall in car prices. Contributions from all other major categories, except accommodation, were also slightly higher.
Australia Inflation Rate Accelerates Further in Q1  
Australian annual consumer prices advanced 2.9 percent in the first three months of 2014, up from 2.7 percent in the previous quarter, but below market forecasts. The rise was driven by seasonal increases in cost of healthcare, transport and school fees, and by a large hike in tobacco duties.
Mexico Unemployment Rate Up to 4.8% in March  
Mexican unadjusted jobless rate rose to 4.8 percent in March of 2014, up from 4.65 percent in February and 4.51 percent a year earlier. Upon seasonal adjustment, the unemployment rate rose to its highest in more than one year to 5.25 percent.

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