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Talent Solutions - APAC QMR Q2 2023 | 47 Philippines a s a s a s a s a s a s Latest Available Data Q2 2023 Total Labor Force (000s) 50,998 Employed Workers (000s) 48,703 Unemployed Workers (000s) 2,295 Unemployment Rate 4.5% ▪ 16% of the Labor force is 55 years+. ▪ Retirement age in the private sector is 65 years and it is lower in the public sector. ▪ Compared to Q1 2019, the number of Labor Force participants has increased across all age groups. a s a a s a a s a a s a a s Workforce Statistics Age Profile of Labor Force TalentNeuron Labor Force Participation Rates by Age and Sex Number of Participants in Labor Force By Age (000s) Hiring Demand Trend by Job Function Hiring Demand Trend For Vacancies ILOSTAT Modelled Estimates https://psa.gov.ph/statistics/survey/labor- and-employment/labor-force-survey/tabley ILOSTAT