TABLE A - Key Employment Indicators with Measures of Precision, Philippines:

Decmber 2022f, January 2023p, February 2023p, March 2023p, April 2023p, May 2023p, June 2023p, July 2023p, August 2023p, September 2023p, October 2023p, November 2023p, and December 2023p
(In Thousands Except Rates)

December 2022f November 2023p December 2023p Increment/ (Decrement) Growth Rate

90% Confidence 90% Confidence 90% Confidence

INDICATOR December December December December
Interval) Interval) Interval)
Standard Estimat Standar Standard 2023p - 2023p - 2023p - 2023p -
Estimate Estimate
Error Lower Upper e d Error Lower Upper Error Lower Upper December November December November
Limit Limit Limit Limit Limit Limit 2022f
2023p
2022f
2023p

Population 15 Years Old and Over 77,153 1,459 74,752 79,553 78,108 1,699 75,313 80,902 78,212 1,641 75,513 80,911 1,059 104 1.4 0.1
Labor Force 51,220 1,017 49,547 52,893 51,469 1,154 49,571 53,366 52,127 1,138 50,254 53,999 907 658 1.8 1.3
New Entrants to the Labor Force 658 65 551 765 649 68 537 761 568 64 463 674 -90 -81 -13.7 -12.5
Employed 49,001 975 47,398 50,604 49,635 1,096 47,832 51,439 50,525 1,114 48,691 52,358 1,524 889 3.1 1.8
Underemployed 6,197 364 5,598 6,795 5,787 369 5,180 6,394 6,010 406 5,342 6,679 -186 224 -3.0 3.9
• Visible Underemployment1 3,973 218 3,614 4,332 3,392 236 3,004 3,779 3,658 252 3,243 4,073 -316 266 -7.9 7.8
• Invisible Underemployment2 2,223 224 1,856 2,591 2,395 223 2,029 2,761 2,353 258 1,929 2,776 129 -43 5.8 -1.8
Unemployed 2,219 129 2,006 2,431 1,833 134 1,613 2,054 1,602 109 1,423 1,781 -617 -231 -27.8 -12.6
Not in the Labor Force 25,933 631 24,895 26,970 26,639 725 25,446 27,832 26,085 681 24,965 27,205 152 -554 0.6 -2.1
Total Population 15 Years Old and Over
Labor Force Participation Rate (%) 66.4 0.5 65.6 67.2 65.9 0.5 65.1 66.7 66.6 0.5 65.9 67.4 0.3 0.8 0.4 1.1
Proportion of New Entrants (%) 1.3 0.1 1.1 1.5 1.3 0.1 1.0 1.5 1.1 0.1 0.9 1.3 -0.2 -0.2 -15.2 -13.6
Employment Rate(%) 95.7 0.2 95.3 96.1 96.4 0.2 96.1 96.8 96.9 0.2 96.6 97.3 1.3 0.5 1.3 0.5
Underemployment Rate (%) 12.6 0.7 11.5 13.8 11.7 0.7 10.4 12.9 11.9 0.8 10.6 13.2 -0.8 0.2 -5.9 2.0
Visible Underemployment Rate (%) 8.1 0.4 7.4 8.8 6.8 0.5 6.1 7.6 7.2 0.5 6.4 8.0 -0.9 0.4 -10.7 5.9
Invisible Underemployment Rate (%) 4.5 0.4 3.8 5.3 4.8 0.5 4.1 5.6 4.7 0.5 3.8 5.5 0.1 -0.2 2.6 -3.5
Unemployment Rate (%) 4.3 0.2 3.9 4.7 3.6 0.2 3.2 3.9 3.1 0.2 2.7 3.4 -1.3 -0.5 -29.0 -13.7
Mean Hours of Work 40.3 0.3 39.9 40.8 40.2 0.3 39.7 40.7 40.6 0.4 40.0 41.2 0.3 0.4 0.7 1.1

Youth Population 15-24 Years Old 20,123 492 19,315 20,932 20,141 508 19,306 20,977 20,152 525 19,289 21,016 29 11 0.1 0.1
Youth Labor Force 7,588 263 7,155 8,021 6,925 250 6,514 7,336 6,954 245 6,550 7,357 -635 28 -8.4 0.4
New Entrants Youth 625 62 522 728 577 63 473 680 530 59 433 627 -95 -47 -15.2 -8.1
Employed Youth 6,870 232 6,488 7,253 6,303 215 5,949 6,657 6,387 203 6,052 6,721 -484 84 -7.0 1.3
Underemployed Youth 629 66 521 738 715 83 579 851 742 90 595 889 113 27 17.9 3.8
Unemployed Youth 718 58 622 814 622 61 522 723 567 50 484 649 -151 -56 -21.1 -8.9
NEET (Unemployed) 15 - 24 years old
Youth Not in the Labor Force (NILF) 12,535 352 11,956 13,113 13,216 382 12,587 13,845 13,199 403 12,535 13,863 664 -17 5.3 -0.1
NEET (NILF) 15 - 24 years old

Youth Labor Force Participation Rate (%) 37.7 0.9 36.2 39.2 34.4 0.9 32.9 35.9 34.5 0.9 33.0 36.0 -3.2 0.1 -8.5 0.4
Youth Employment Rate (%) 90.5 0.7 89.4 91.7 91.0 0.8 89.7 92.4 91.8 0.7 90.7 93.0 1.3 0.8 1.4 0.9
Youth Underemployment (%) 9.2 0.9 7.7 10.7 11.3 1.2 9.3 13.4 11.6 1.3 9.5 13.8 2.5 0.3 26.8 2.4
Youth Unemployment Rate (%) 9.5 0.7 8.3 10.6 9.0 0.8 7.6 10.3 8.2 0.7 7.0 9.3 -1.3 -0.8 -13.8 -9.3
Youth NEET as % of youth population
Proportion of Youth New Entrants to the Youth Labor 8.2 0.8 6.9 9.6 8.3 0.9 6.9 9.8 7.6 0.8 6.3 9.0 -0.6 -0.7 -7.4 -8.4
Youth Mean Hours of Work 34.3 0.6 33.3 35.4 34.9 0.5 34.0 35.8 34.8 0.6 33.8 35.8 0.4 -0.1 1.3 -0.4
Notes: Details may not add up to totals due to rounding.
p - Preliminary.
f - Final.
1-
Includes number of underemployed persons who were with jobs but did not work during the reference period.
2-
Includes number of underemployed persons but with unreported hours worked
NEET - Not in employment, education or training
All estimates used the 2015 POPCEN-based Population Projection.
Source: Philippine Statistics Authority, Labor Force Survey