How many graduates are unemployed in the Philippines?

3. From the 3.8 million unemployed, 34.7% belong to the youth sector or those aged 15 to 24. Going by educational attainment, 23.9% of the unemployed are college graduates, while 26.4% are junior high school graduates.

What was the unemployment rate AUG 2012?

8.1 percent
Unemployment and labor force participation rates down in August 2012. In August 2012, the unemployment rate edged down to 8.1 percent. Since the beginning of this year, the rate has held in a narrow range of 8.1 to 8.3 percent. The number of unemployed persons, at 12.5 million, was little changed in August.

What is the most popular job in the Philippines?

The Most Popular Jobs in the Philippines

  1. General Accountant. Every companies and individuals who engage in business need an accountant to do their financial recording and reporting.
  2. Call Center Agent. In recent years call centers companies in the Philippines are booming.
  3. Accounting Clerk.
  4. Domestic Helper.
  5. Sales Clerk.

Why is unemployment in the Philippines so high?

Unemployment in the Philippines is attributed to reasons including overpopulation, oversupply of labour force on certain industries and the inability to take on available jobs.

Why is unemployment a serious problem in the Philippines?

Unemployment and underemployment are the Philippines’ most important problems and the key indicators of the weaknesses of the economy. The social costs of this mass unemployment range from income losses to severe social and psychological problems resulting from not having a job and feeling insecure about the future.

How many people are unemployed in the Philippines?

MANILA, Philippines — Most of the country’s unemployed are educated, according to the Department of Labor and Employment (DOLE). DOLE’s JobsFit 2022 Labor Market Information (LMI) Report showed that almost a million or 43.9 percent of the unemployed population nationwide in 2017 have either reached or graduated from high school.

Are there any educated people in the Philippines?

Philstar.com hosts its content but has no editorial control over it. MANILA, Philippines — Most of the country’s unemployed are educated, according to the Department of Labor and Employment (DOLE).

Why are so many recent college graduates unemployed?

One reason why graduates are unemployed is over-education in the labor market. From an economic perspective, being over-educated is exemplified in graduates who exceed the socially optimal level of education. So, if there are 100 available job positions that require

What’s the unemployment rate in the Asia Pacific?

In comparison with our Asia-Pacific neighbors, Malaysia has 3.4 percent (March 2019), 5.34 percent in Indonesia (August 2018), 1 percent in Thailand (April 2019), and 2.1 percent in Singapore (September 2018).

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