Market Intelligence Reports

APAC Market Report Q1 2021

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46 April, 2021 Philippines Total Workforce (000s) Oct '20 43,600 Unemployed Workers (000s) 3,793 Unemployment Rate 8.7% Youth Unemployment Rate 21.8% 43,318 60,022 6,016 66 136 24 19 years or Under Prime Working Age (20 -64 years) 65 years+ Local Born Foreign Born Population In Thousands 25,374 25,965 26,168 26,425 25,868 2.0% 2.0% 2.3% 1.9% 2.4% 15,997 16,281 16,782 16,720 16,678 2.1% 2.5% 3.0% 2.5% 2.9% 2019Q1 2019Q2 2019Q3 2019Q4 2020Q1 Male Employed Male Unemployed (%) Female Employed Female Unemployed (%) 71.0% 72.7% 72.9% 72.9% 72.4% 45.2% 46.1% 47.5% 46.8% 47.3% 2019Q1 2019Q2 2019Q3 2019Q4 2020Q1 Male Participation Rate Female Participation Rate 0.2% of the population is foreign born. Over 6 million Filipinos have emigrated. As at October 2020, more than 230K Overseas Filipino workers (approximately 10% of the total) had returned home. Cash remittances fell by USD 840 million between March and June 2020. 47% of the population live in urban areas. More than 12K Covid-19 deaths. Borders are closed to non citizens and residents. A negative test result and quarantine is required for arrivals. Non-essential shops are closed in high risk areas and restrictions are in place in lower risk areas. Schools are closed. Impact of Covid-19 on Labor Force Over Time Labor Force Participation Rates by Gender Migration Migration Migrant Stock by Working Age (June 2020) Latest Labor Force Statistics Workforce Labor Force Employed and Unemployed by Gender Covid-19 – Daily Confirmed Cases (7 Day Average) Covid-19 Restriction Update (End of February 2021) Covid-19 Update and Restrictions Employed W orkers in Thousands Key Sources: https://www.ilo.org/ https://data.worldbank.org/ https://migrationdataportal.org/ https://www.un.org/development/desa/pd/ https://vivoclinic.com/ https://travel.state.gov/content/travel/en/traveladvisories/COVID-19-Country-Specific-Information.html https://www.opendemocracy.net/en/pandemic-border/returning-heroes-filipino-migrant-workers-met-with-a- devastated-economy/ https://psa.gov.ph/content/employment-situation-october-2020

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