Philippines - Unemployment Rate





Philippines: Unemployment Rate

Mnemonic LBR.IPHL
Unit %, NSA
Adjustments Not Seasonally Adjusted
Monthly
Data Oct 2021 8.73
Sep 2021 7.05

Series Information

Source Philippine Statistics Authority
Release Labor Force Survey
Frequency Monthly
Start Date 7/31/2020
End Date 10/31/2021

Philippines: Labor

Reference Last Previous Units Frequency
Labor Force Employment Oct 2021 43,826 43,592 Ths. #, NSA Monthly
Total Employment Oct 2021 43,826 43,592 Ths. #, NSA Monthly
Unemployment Oct 2021 3,504 4,255 Ths. #, NSA Monthly
Unemployment Rate Oct 2021 8.73 7.05 %, NSA Monthly
Real Wages & Salaries 2019 Q4 3,122,281 2,822,810 2000 price Mil. PHP, NSA Quarterly
Agriculture Employment 2017 11,589,853 11,807,387 # Annual

Release Information

For the Philippines, the Labor Force Survey covers a range of labor market statistics, including: particpation rate, employment, unemployment and underremployment rate by region; employment status; employed persons, unemployment persons.

Labor Statistics are used to describe and analyze the size and structure of labor markets and how these change over time. It includes statistics on the situation of participants and non-participants in the world of work and the results of their participation, both as workers and as producers and employers.

The survey is undertaken by the PSA monthly except for the months where Quarterly LFS is conducted. This will provide high frequency statistical information on the Philippine labor market to better understand the current situation of employment and the economy of the Philippines during unprecedented event such as the Corana Virus of 2019 (COVID-19) pandemic.

Regional estimates are generated once every quarter whilst the national estimates are available monthly.

A sample of about 10,700 households will be interviewed for the monthly survey utilizing a total budget amounting to PhP 8.1 million. Results of the survey is expected to be released 30 days after the reference month.

Active:

  • Classifications:
    • Industry: PSIC 1994, patterned after UN ISIC Rev. 3
    • Occupation: PSOC 2012, patterned after ILO ISCO 2008
  • Measurements:
    • Thousands of persons (Ths. #)
    • Percent (%)
  • Adjustment: Not seasonally adjusted (NSA)
  • Native frequency: Monthly
  • Start dates:
    • 2020m7
    • 2021m1

Predecessors:

  • Quarterly - 1956 to 2021
  • Quarterly composition by industry under PSIC 1994 - 2000 to 2012
  • Quarterly composition by occupation under PSOC 1992 - 2000 to 2016
  • Quarterly - 1995 to 2009
Year  Reference period   Population coverage   Unemployment definition 
March 1971 - August 1976 Past Week 10 years old and over Include those who were reported as wanting and looking for full-time work
First Qtr 1976 - First qtr 1987 Past Quarter             15 years old and over Include those wanting and looking for work      
July 1987 - October 1996
January 1997 - January 2005                               
Past Week 15 years old and over Based on 2 criteria
1. Without work
2. Seeking work
April 2005 - Present Past Week 15 years old and over Based on 3 criteria:
1. Without work
2. Currently available for work
3. Seeking work

Starting April 2005, the new unemployment definition was adopted per NSCB Resolution no. 15 dated October 20, 2004. As indicated in the said resolution, the unemployed include all persons who are 15 years old and over as of their last birthday and are reported as: (1) without work and currently available for work and seeking work; OR (2) without work and currently available for work but not seeking work for the following reasons:

  1. Tired/believed no work available
  2. Awaiting results of previous job application
  3. Temporary illness/disability
  4. Bad Weather
  5. Waiting for rehire/job recall

The PSA definitions of employment and unemployment closely follows the most recent international recommendations set out in the resolution concerning statistics on unemployment adopted by the Thirteenth International Conference of Labor Statisticians (1982) (IMF SDDS entries). For example, the ILO defines working-age population as persons aged 15 years and older; PSA reports such a series, and the pertinent LFS identity holds.

Starting June 2016, the Employment by Occupation series changed from PSOC 1992 to PSOC 2012.

The quarterly rounds for this release are computed as:

  • Q1 - November, December, January
  • Q2 - February, March, April
  • Q3 - May, June, July
  • Q4 - August, September, October

The annual values are calculated as the average of the four rounds.

Revisions are made periodically.

Further reading

At the source(s):

At IMF (SDDS):

At ILO:

Conduct of Monthly Data from Jan 2021:

  • https://psa.gov.ph/press-releases/id/163955