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Causes Of Unemployment In The Philippines

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What is unemployment? Unemployment occurs when a person who is actively searching for unemployment is unable to find work. It is often used as a measure of the health of the economy. The most frequently cited measure of unemployment rate. The Unemployed are those of age 15 and above who satisfy the following criteria: without work and has no form of salary is currently available for work and seeking work. Unemployment rate fell into 5.7 percent in October, 2015. Lowest in the record and beating market forecasts of 6.5 percent. There were around 39.8 million employed, slightly higher compared with 39.2 million in July, 2015. The rate averaged at about 8.78 percent from 1994-2015. 13.90 percent in the first quarter of 2000 and a record low of 5.70 percent in the fourth quarter of 2015. Unemployment rate is reported by National Statistics Office in the Philippines (NSO).

What are the causes why a lot of Filipino people are jobless? First of all, the most probable cause of unemployment in the Philippines is the unavailability of jobs provided. With a growing population of about an 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 of 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 hard to find jobs whenyou’renot a

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