Unemployment in the Philippines

What causes unemployment in the Philippines?

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.

Unemployment Rate and the Economy

But why should we care about the unemployment rate? What does it have to do with the economy?

There are two basic reasons for caring about the unemployment rate:

• The welfare of the unemployed is the primary concern. When people lose their jobs, they are unable to earn money for their needs. They spend what they have saved or may go deeper into debt. So an unemployment rate that is high signifies more people are having a hard time. 
• Secondly, the unemployment rate gives us an idea of the extent to which the economy is running efficiently. High unemployment says that labor is not being utilized effectively. It can give policy makers good reason to wonder if the economy is being run the way it should be. Perhaps, changes to policies by the government are needed to address the problem.

Knowing these, we can say that the state of the economy can affect our chances of getting a job. But it shouldn’t mean that we leave it to fate and do nothing. We have the ability to get the odds in our favor. 

Acquiring the abilities and capabilities to help us get secured good-paying jobs should be doable if we are resolute to get it. Alternatively, we can stop seeking for a job and be the boss by starting a business of our own. However we might want to go about it, we can do something and we should act on it.

Conclusion: If the unemployed rate of the philippines will only increase for a minimal percentage per year,the phillipine economy will always be slow.We need to get into haste.Government should do something about it.We will always be in a 3rd world country until the end of time.