Labor Force Participation Rate in Philippines increased to 61.94 percent in the third quarter of 2020 from 55.64 percent in the second quarter of 2020.

Labor Force Participation Rate in Philippines averaged 64.91 percent from 1990 until 2020, reaching an all time high of 71.50 percent in the second quarter of 1990 and a record low of 55.64 percent in the second quarter of 2020. This page provides - Philippines Labor Force Participation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Philippines Labor Force Participation Rate - values, historical data and charts - was last updated on September of 2020. source: National Statistics Office of Philippines

Labor Force Participation Rate in Philippines is expected to be 60.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labor Force Participation Rate in Philippines to stand at 62.00 in 12 months time. In the long-term, the Philippines Labor Force Participation Rate is projected to trend around 62.00 percent in 2021 and 64.00 percent in 2022, according to our econometric models.

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Philippines Labor Force Participation Rate

Actual Previous Highest Lowest Dates Unit Frequency
61.94 55.64 71.50 55.64 1990 - 2020 percent Quarterly

Philippines Labour Last Previous Highest Lowest Unit
Unemployment Rate 10.00 17.70 17.70 4.50 percent [+]
Employed Persons 41306.00 33764.00 43146.34 18567.00 Thousand [+]
Unemployed Persons 4571.00 7254.00 7254.00 1720.00 Thousand [+]
Labor Force Participation Rate 61.94 55.64 71.50 55.64 percent [+]
Wages in Manufacturing 113.20 99.94 123.66 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 90.04 82.32 95.46 82.32 percent [+]


Philippines Labor Force Participation Rate
The labour force participation rates is the number of persons who are employed and unemployed but looking for a job divided by the total working-age population.