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"A survey found that college graduates took about a year to find work, and high
school graduates took up to 3 years. Many drift into informal work, often part
time and poorly paid, or remain unemployed. One in four young people is
neither working nor pursuing education or training," ADB said in its Asian
Development Outlook 2016 released on Wednesday (March 30).
"Almost 80% of new jobs in the past 6 years have been generated by the
service sector, particularly BPO, tourism, and retail trade Stronger
employment generation will require more broad-based growth driven by
productivity gains across all sectors."
It also cited a mismatch education and skills in the labor market: "Improving the
relevance and quality of technical and vocational training programs and
strengthening certification frameworks will help overcome such mismatches."
The government pays employers P9,000 as a training fee for every intern the
latter takes in.
"The Philippines has a relatively young population, as half of all Filipinos last
year were younger than 25 years, and the median age was estimated at 23.
This offers an opportunity to raise potential economic growth, but the
demographic dividend can be realized only if young people are employed in
productive jobs," ADB said.
Source:
http://cnnphilippines.com/business/2016/03/30/ADB-Youth-unemployment-poli
cy-challenge-govt.html
2. YOUTH UNEMPLOYMENT.
The term Youth as defined by the United Nations (UN) refers to age
group between 15 and 24. In practice however, the operational definition of
youth varies widely from country to country depending on cultural,
institutional and political factors. In the case of the Philippines, youth refers to
the sector of population aged 15-30 years old as defined in Republic Act (RA)
No. 8044 -Creation of the National Youth Commission. Generally, youth
unemployment includes the 15-30 age group and not just 15-19 year old
teenagers. Including 20-30 year old gives a fairer picture of the performance
of all young people in the labor market and takes into account the pattern of
employment both during and after leaving school or university.
Almost three out of five young unemployed were males. However, the
unemployment rates of their female counterpart were consistently higher
over the five year period and even higher than the total unemployment rate
of their age group. Unemployment is more of an urban phenomenon, where
for every three young unemployed, two were living in urban areas.
Source:
https://psa.gov.ph/sites/default/files/vol7_19.PDF
DOLE said 1.456 million Filipino youths who belong to the 18-24 age bracket
were jobless according to the Philippine Statistical Authoritys Labor Force
Survey.
While youth unemployment decreased by just 1.1 percent from 16.8 percent in
April 2013 to 15.7 percent in April 2014, it still accounts for more than half of the
2.9 million unemployed Filipinos in the country, it said.
She said the program aims to increase the employability of the youth by
providing them access to technical and life skills training demanded by
employers.
The fact remains that youth unemployment rate is more than double the
national unemployment rate and, therefore, this is a challenge we all need to
address, Baldoz said.
She explained that through JobStart, youths aged 18-24 years of age, who
are either currently not working, or have less than a year of work experience,
and who are not enrolled in an educational or training program, or who have at
least completed a high school education, can access technical and skills
training and on-the-job opportunities that would improve their chances of
landing a job.
Source:
http://newsinfo.inquirer.net/612180/dole-jobless-youths-account-for-half-of-p
hs-unemployed-sector
Africa, however, said, citing 2011 official figures, that the Philippines
unemployment rate was the worst in Southeast Asia and more than double
the regional average.
The countrys unemployment rate of 7 percent in 2011 was more than double
the regional average of 3.2 percent and higher than in Indonesia (6.6 percent),
Myanmar (4.0 percent), Malaysia (3.1 percent), Singapore (2.7 percent),
Brunei (2.6 percent), Vietnam (2.0 percent), Cambodia (1.7 percent), Laos
(1.4 percent) and Thailand (0.7 percent), Africa said.
He added that the disparity between the high GDP growth and the
unemployment rate further highlights the exclusionary character of the
countrys growth.
Source:
http://business.inquirer.net/80138/despite-high-economic-growth-ph-has-hig
hest-unemployment-rate-in-asean
The employment rate in January 2017 was estimated at 93.4 percent. Four
regions, namely, Ilocos Region (91.3%), National Capital Region (NCR)
(91.5%), Caraga (91.5%), and CALABARZON (91.8%) had the lowest
employment rates (Table 4). The labor force participation rate (LFPR) in
January 2017 was estimated at 60.7 percent given the labor force population
of 69.4 million. The labor force population consists of the employed and the
unemployed 15 years old and over.
Workers were grouped into three broad sectors, namely, agriculture, industry
and services sector. Workers in the services sector comprised the largest
proportion of the population who are employed. These workers made up 57.1
percent of the total employed in January 2017 (Table 1). Among them, those
engaged in wholesale and retail trade or in the repair of motor vehicles and
motorcycles accounted for the largest percentage (35.2%) of workers in the
services sector (Table 2).
Workers in the agriculture sector comprised the second largest group making
up 25.5 percent of the total employed in January 2017, while workers in the
industry sector made up the smallest group registering 17.4 percent of the
total employed. The January 2017 LFS results also showed that in the
industry sector, workers in the
manufacturing subsector made up the largest group, accounting for
48.0 percent of workers in this sector, and those in construction, the second
largest group, making up 47.0 percent (Tables 1 and 2).
Employed persons fall into any of these categories: (1) wage and salary
workers, (2) self-employed workers without any paid employee, (3) employers
in own family-operated farm or business, and (4) unpaid family workers. Wage
and salary workers are those who work for private households, private
establishments, government or government-controlled corporations, and those
who work with pay in own family-operated farm or business. In January 2017,
the wage and salary workers made up 62.8 percent of the total employed, with
those working in private establishments continuing to account for the largest
share (Table 1). They made up 49.1 percent of the total employed in January
2017. The second largest class of workers were the self-employed making up
27.2 percent of the total employed in January 2017. Unpaid family workers
accounted for 6.3 percent of the total employed.
Underemployed persons who work for less than 40 hours in a week are called
visibly underemployed persons. They accounted for 58.5 percent of the total
underemployed in January 2017 (Table 3). By comparison, the
underemployed persons who worked for 40 hours or more in a week made up
40.0 percent. By sector, 46.9 percent of the underemployed worked in the
services sector, while 32.8 percent were in the agriculture sector. Those in
the industry sector accounted for 20.3 percent (Table 3).
Source:
https://psa.gov.ph/content/employment-rate-january-2017-estimated-934-
percent
The unemployment rate in the Philippines fell to 5.7 percent in the June
quarter of 2017 from 6.1 percent a year ago. The number of unemployed
persons went down by 182 thousand to 2,443 thousand while the number of
employed fell by 393 thousand to 40,271. Meanwhile, the labor force
participation rate decreased to 61.4 percent from a 63.5 percent. Among
employed persons, workers in the services sector made up 55.4 percent of the
total, followed by those in the agriculture sector (26.1 percent) and industry
(18.5 percent). Unemployment Rate in Philippines averaged 8.58 percent from
1994 until 2017, reaching an all time high of 13.90 percent in the first quarter of
2000 and a record low of 4.70 percent in the fourth quarter of 2016.
Source:
https://tradingeconomics.com/philippines/unemployment-rate