Employment Rate in Philippines increased to 95.46 percent in the fourth quarter of 2019 from 94.64 percent in the third quarter of 2019. Employment Rate in Philippines averaged 91.41 percent from 1991 until 2019, reaching an all time high of 95.46 percent in the fourth quarter of 2019 and a record low of 85.60 percent in the second quarter of 1991. source: National Statistics Office of Philippines
Employment Rate in Philippines is expected to be 94.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Employment Rate in Philippines to stand at 94.60 in 12 months time. In the long-term, the Philippines Employment Rate is projected to trend around 94.30 percent in 2020, according to our econometric models.