The unemployment rate in the Philippines plunged to 8.7 percent in the June quarter of 2021 from a downwardly revised 17.6 percent in the same quarter a year earlier, as the economy recovered from the COVID-19 slump. The number of unemployed persons declined by 3.09 thousand to 4.14 million, while the number of employed fell by 4.08 thousand to 41.25 million. Meanwhile, the labor force participation rate jumped to 63.2 in the second quarter from 55.7 the prior year. Among employed persons, workers in the services sector made up 50.5 percent of the total, followed by those in the agriculture sector (30.4 percent) and industry (19.1 percent). source: National Statistics Office of Philippines

Unemployment Rate in Philippines averaged 8.33 percent from 1994 until 2021, reaching an all time high of 17.70 percent in the second quarter of 2020 and a record low of 4.50 percent in the fourth quarter of 2019. This page provides - Philippines Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Philippines Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2021.

Unemployment Rate in Philippines is expected to be 8.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Philippines to stand at 7.90 in 12 months time. In the long-term, the Philippines Unemployment Rate is projected to trend around 7.50 percent in 2022 and 6.50 percent in 2023, according to our econometric models.

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Philippines Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
8.70 8.70 17.60 4.50 1994 - 2021 percent Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2020-09-03 05:00 AM Q3 10% 17.7% 11%
2020-12-03 04:00 AM Q4 8.7% 10% 6%
2021-03-09 01:00 AM Q1 8.7% 8.7% 8%
2021-06-08 02:00 AM Q2 8.7% 8.7% 8.5%
2021-09-07 02:00 AM Q3
2021-12-07 02:00 AM Q4


News Stream
Philippines Q2 Jobless Rate Plunges
The unemployment rate in the Philippines fell sharply to 8.7 percent in the June quarter of 2021 from a downwardly revised 17.6 percent in the same quarter a year earlier, as the economy recovered from the COVID-19 slump. The number of unemployed persons declined by 3.09 million to 4.14 million, while the number of employed increased by 9.44 million to 43.27 million. Meantime, the labor force participation rate jumped to 63.2 in the second quarter from 55.7 the prior year. Among employed persons, workers in the services sector made up 50.5 percent of the total, followed by those in the agriculture sector (30.4 percent) and industry (19.1 percent).
2021-06-08
Philippines Q1 Jobless Rate Climbs to 8.7%
The unemployment rate in the Philippines surged to 8.7 percent in the March quarter of 2021 from 5.3 percent in the same quarter a year earlier, amid the downturn caused by the coronavirus crisis. The number of unemployed persons jumped by 1.56 thousand to 3.95 million, while the number of employed dropped by 1.3 thousand to 41.25 million. Meanwhile, the labor force participation rate was down to 60.5 in the first quarter from 61.7 the prior year. Among employed persons, workers in the services sector made up 57.2 percent of the total, followed by those in the agriculture sector (24.4 percent) and industry (18.4 percent). For full 2020, the jobless rate surged to 10.3 percent from 5.1 percent in 2019, reflecting the economic fallout due to the pandemic.
2021-03-09
Philippines Q4 Jobless Rate Jumps to 8.7%
The unemployment rate in the Philippines surged to 8.7 percent in the December quarter of 2020 from 4.5 percent in the same quarter a year earlier, amid the economic downturn caused by the coronavirus crisis. The number of unemployed persons surged by 1.77 thousand to 3.81 million, while the number of employed dropped by 2.70 thousand to 39.84 million. Meanwhile, the labor force participation rate was down to 58.7 in the fourth quarter from 61.4 the prior year. Among employed persons, workers in the services sector made up 57.2 percent of the total, followed by those in the agriculture sector (24.5 percent) and industry (18.3 percent).
2020-12-03
Philippines Q3 Jobless Rate Surges to 10%
The unemployment rate in the Philippines jumped to 10.0 percent in the September quarter 2020 from 5.4 percent in the same quarter a year earlier, amid the economic downturn caused by the coronavirus crisis. The number of unemployed persons surged by 2.13 thousand to 4.57 million, while the number of employed dropped by 1.21 thousand to 41.31 million. Meanwhile, the labor force participation rate eased to 61.9 in the third quarter from 62.1 the prior year. Among employed persons, workers in the services sector made up 48.2 percent of the total, followed by those in the agriculture sector (32.5 percent) and industry (19.3 percent).
2020-09-03

Philippines Unemployment Rate
In Philippines, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.