In 2022, the labor force participation rate in the Philippines was 58.37 percent. The labor force participation rate in the country has been fluctuating over the past decade, with its lowest figure recorded in 2020.
Labor force situation in the Philippines
The labor force participation rate refers to the share of the population currently employed or actively looking for work. As a country with a predominantly young population, the labor market in the Philippines is robust, with a workforce that could drive economic growth. In 2022, the working-age population in the Philippines was estimated to have surpassed 76 million people, reflecting constant growth in recent years. Across gender, the labor force participation of women was significantly lower than for men, which stood at 71 percent.
COVID-impact on employment
The COVID-19 pandemic in 2020 resulted in significant job losses in the Philippines as long periods of lockdown shuttered the economy. A survey in April 2021 reflected that around 45 percent of public transportation drivers lost their jobs due to the pandemic. In addition, 34 percent of workers in formal and informal services also experienced job losses. As a result, the unemployment rate reflected a slight increase during this period, although it was still lower than the rate of unemployment recorded in 2006.
Labor force participation rate in the Philippines from 2012 to 2022
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Labor force participation rate
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World Bank. (September 19, 2023). Labor force participation rate in the Philippines from 2012 to 2022 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1337552/philippines-labor-force-participation-rate/
World Bank. "Labor force participation rate in the Philippines from 2012 to 2022." Chart. September 19, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1337552/philippines-labor-force-participation-rate/
World Bank. (2023). Labor force participation rate in the Philippines from 2012 to 2022. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1337552/philippines-labor-force-participation-rate/
World Bank. "Labor Force Participation Rate in The Philippines from 2012 to 2022." Statista, Statista Inc., 19 Sep 2023, https://www.statista.com/statistics/1337552/philippines-labor-force-participation-rate/
World Bank, Labor force participation rate in the Philippines from 2012 to 2022 Statista, https://www.statista.com/statistics/1337552/philippines-labor-force-participation-rate/ (last visited July 22, 2024)
Labor force participation rate in the Philippines from 2012 to 2022 [Graph], World Bank, September 19, 2023. [Online]. Available: https://www.statista.com/statistics/1337552/philippines-labor-force-participation-rate/