Employment Rate in Philippines decreased to 94.69 percent in the first quarter of 2020 from 95.46 percent in the fourth quarter of 2019.

Employment Rate in Philippines averaged 91.44 percent from 1991 until 2020, 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. This page provides - Philippines Employment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Philippines Employment Rate - values, historical data and charts - was last updated on June of 2020. source: National Statistics Office of Philippines

Employment Rate in Philippines is expected to be 94.60 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 94.30 in 12 months time. In the long-term, the Philippines Employment Rate is projected to trend around 94.30 percent in 2021, according to our econometric models.

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Philippines Employment Rate

Actual Previous Highest Lowest Dates Unit Frequency
94.69 95.46 95.46 85.60 1991 - 2020 percent Quarterly

Philippines Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.30 4.50 13.90 4.50 percent [+]
Employed Persons 42653.00 43146.34 43146.34 18567.00 Thousand [+]
Unemployed Persons 2390.00 2050.00 4989.00 1720.00 Thousand [+]
Labor Force Participation Rate 61.71 61.47 71.50 60.10 percent [+]
Wages in Manufacturing 122.31 123.66 123.66 48.63 points [+]
Population 108.80 107.00 108.80 26.27 Million [+]
Minimum Wages 537.00 537.00 537.00 89.00 PHP/day [+]
Employment Rate 94.69 95.46 95.46 85.60 percent [+]

Philippines Employment Rate
In Philippines, the employment rate measures the number of people who have a job as a percentage of the labour force.