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Labor force participation rate, total (% of total population ages 15+) (national estimate)
12 Αυγ 2024 · Labor force participation rate Philippines 2022, by region. Employment. Rate of unemployment Philippines 2022, by region. statistics. Discover all statistics and data on Employment in...
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.
7 Φεβ 2024 · The Labor Force Participation Rate (LFPR), or the estimate of an economy’s active workforce, rose to 66.6% in the said period, reflecting faster growth in the labor force compared to the working-age population.
Labor force comprises people ages 15 and older who supply labor for the production of goods and services during a specified period. It includes people who are currently employed and people who are unemployed but seeking work as well as first-time job-seekers.
In Philippines, the employment rate measures the number of people who have a job as a percentage of the labour force. Compare Employment Rate by Country. Employment Rate in Philippines increased to 96 percent in August from 95.30 percent in July of 2024.
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.
