Issue link: https://read.uberflip.com/i/1440672
85 Philippines Q4 2021 Total Labor Force (000s) 47,840 Employed Workers (000s) 44,539 Unemployed Workers (000s) 3,301 Unemployment Rate 6.9% 41,317 42,656 41,259 44,527 44,539 Q4 2019 Q2 2020 Q4 2020 Q2 2021 Q4 2021 5.4% 5.3% 10.0% 8.7% 6.9% Q4 2019 Q2 2020 Q4 2020 Q2 2021 Q4 2021 36% - First Vaccine Dose (December 2021) Covid Update Vaccines or self-funded testing are mandatory for on-site workers. This is despite vaccine access problems. Hospitality and government services may refuse service to unvaccinated people. Recent vaccination drive with 7.6 m people vaccinated in 3 days. 10% 30% 12% 0% 25% 50% 75% Employer Tax Profit Tax VAT Philippines Regional Average Other Cost Considerations - Tax Indicative Wages (USD) $331 $311 $1.45 $0 $5 $10 $15 $0 $2,500 $5,000 Average Wage Manufacturing Wage Minimum Wage Philippines Regional Average Working Population (in Thousands) Over Time Unemployment Rate Over Time Labor Force Statistics Hiring Demand Trend by Experience Level TalentNeuron Monthly Hourly In the 11 months to November, inflation was at 4.5%. Key Sources: https://wageindicator.org/ https://ilostat.ilo.org/ https://www.worldbank.org/ https://tradingeconomics.com/ https://home.kpmg/xx/en/home.html https://taxsummaries.pwc.com/ https://psa.gov.ph/