Unemployment in thePhilippines

Unemployment has remained high in the Philippines, at almost twice the level of neighboring countries, despite relatively fast employment growth in the past decade. Employment growth was not sufficient to reduce unemployment because of rapid population growth and increased labor force participation. This paper shows that Philippine employment growth and unemployment declines were positively correlated with real GDP growth and, to a lesser extent, negatively with the real minimum wage. The key policy implications are that higher economic growth and moderation of increases in the real minimum wage are required to reduce unemployment.
		CAUSES OF 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 fing jobs when you are not a graduate of a particular skill or course. Though Philippines is a literate country, its not enough to be able to reach the qualifications of most in-demand jobs because even mere salesladies nowadays are required to have atleat 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.

SOURCES::wiki.answers.com/.../What_causes_unemployment_in_the_Philippines  -
www.ilsdole.gov.ph/PAPs/ResCon/rcon_03ens3.htm -