UNEMPLOYMENT
Philippines Unemployment Rate
The unemployment rate in Philippines was last reported at 6.9 percent in April of 2012. Historically, from 1995 until 2012, Philippines Unemployment Rate averaged 9.0500 Percent reaching an all time high of 13.9000 Percent in April of 2002 and a record low of 6.3000 Percent in October of 2007. The unemployment rate can be defined as the number of people actively looking for a job as a percentage of the labour force. This page includes a chart with historical data for Philippines Unemployment Rate.
What causes unemployment?
The more probable cause of unemployment in the Philippines is the unavailability of jobs provided. With a growing population of about a 8 million, millions needed jobs and only few can sure provide one. The lack of investors and businesses that could provide good jobs for the Filipino people is one key factor in the growing unemployment in the Philippines. But probably, one cause of unemployment in the Philippines may be lack of education. With the increasing demands of the fast developing world, it is really hard to find jobs when you are not a graduate of a particular skill or course. Though the Philippines is a literate country, its not enough to be able to reach the qualifications of most in-demand jobs because even mere sales ladies nowadays are required to have at least 1-2 years in college. We are facing a competitive world and its a must to reach the norms of development. Thus, a high educational attainment, which most Filipinos lack, is one way to uplift the unemployment rate of the country.
why is it difficult to find a job?
- people nowadays are lack of education.
- don't have much experience in doing the job.
- people nowadays looking for job with a big wage. not even thinking their capability of doing the job.
