Unemployment in Philippines

Philippines Unemployment | Economic News & Forecasts

Philippines - Unemployment

Following the mild slowdown in the third quarter, available data paints a promising picture for the fourth quarter. The manufacturing PMI moved higher in October and November, with a sharp acceleration in new business and output in November highlighting solid business conditions in the sector. Moreover, lower oil prices throughout the quarter should likely lead to a lower import bill, which will help partially curtail the widening current account deficit and should alleviate inflationary pressures. Meanwhile, the booming real estate market, which has been propelled by remittances and Chinese demand, has so far been resilient to tighter monetary conditions, which bodes well for consumer spending and fixed investment in the quarter.

Philippines - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate7.1  6.8  6.3  5.5  5.7  

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Philippines Unemployment Chart

Philippines Unemployment
Note: Unemployment in % of active population.
Source: National Statistics Office.

Philippines Facts

Bond Yield6.54-4.11 %Jan 14
Exchange Rate52.200.02 %Jan 14
Stock Market8,0240.66 %Jan 14

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