Αποτελέσματα Αναζήτησης
Labor force participation rate, total (% of total population ages 15+) (national estimate)
12 Αυγ 2024 · The Philippine labor market has shown signs of recovery, with the lowest estimated unemployment rate recorded since 1999, as reported by the World Bank. This equates to more than 90 percent of...
The Philippines: Labor force, million people: The latest value from 2023 is 49.48 million people, an increase from 47.87 million people in 2022. In comparison, the world average is 20.30 million people, based on data from 178 countries.
Compare Employment Rate by Country. Employment Rate in Philippines increased to 96 percent in August from 95.30 percent in July of 2024. This page provides - Philippines Employment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.
The majority of the increase in employment came from the services (+3.7 million) and agriculture (+1.9 million) sectors. Correspondingly, the unemployment rate decreased to 5.2 percent from 7.2 percent in July 2021. This is also the lowest recorded rate since the start of the pandemic.
The labor force participation rate (LFPR) expanded to 66.1 percent in August 2022. This translates to 2.4 million more individuals in the labor force from August 2021. Total employment reached 47.9 million in August 2022, or 3.6 million additional employment year-on-year (y-o-y).
The national unemployment rate at 7.8 percent for FY 2021 is well-within the 2021 target of 7.0 to 9.0 percent. Moreover, there was a rebound in terms of employment levels, from a net loss of 2.6 million in FY 2020 to a net employment gain of 4.6 in FY 2021—exceeding the target of 2.4 to 2.8 million. 26.
