Author Topic: Unemployment in the Philippines  (Read 1136 times)

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Unemployment in the Philippines
« on: June 09, 2012, 01:42:26 PM »
How bad is the problem of unemployment in the Philippines? Apparently, not that worse compared to other countries. Based on the data of unemployment rates around the world, the Philippines is still better off -- even performing better than the United States.

Nabasa nyo na eto?

Without a doubt, the Philippines suffers from unemployment. Thousands of new graduates every year find it hard to land a job while some who have already graduated years ago are still looking for one.
The unemployed would rant and complain about their predicament but, apparently, the Philippines still has reasons not to worry too much. Filipinos, it appears, are comparably better off than the citizens of some countries who have been experiencing tremendously high unemployment rates during the past few years.
Take, for instance, Zimbabwe. As of 2009, the country’s unemployment rate is 97%. This figure means only three (3) out of 100 individuals looking for a job are able to get one. Even developed countries are not spared. European bigwigs such as Spain, Portugal, France, and Italy, for example, have higher unemployment rates than the Philippines.
The table below summarizes the top 10 countries with the highest unemployment rates in the world during the past 5 years.
Top 10 Highest Unemployment Rates in the World

RankCountryUnemployment Rate (%)Data as of
2Turkmenistan70.02008 (November)
3Tajikistan60.02008 (August)
-Guam (United States)56.02010

Unemployment, as defined by the International Labor Organization, refers to the scenario when citizens are out of jobs but have been actively looking for work during the past month. The unemployment rate is the percentage of unemployed individuals compared to the total individuals currently in the work force.

Of course, countries may have varying definitions of “unemployment” but the figures shown in the table below were taken from the official announcements of their national governments and compiled by the US Central Intelligence Agency (CIA).
The Philippines has the highest unemployment rate in Southeast Asia, but its employment data is still better compared to the percentages of African and even most European countries. Out of 165 countries around the world, the Philippines is ranked 104th.
Unemployment Rates — Southeast Asia

Overall RankCountryUnemployment Rate (%)Data as of
104Philippines7.202011 (April)
105Indonesia7.142010 (February)
146Malaysia3.202010 (April)
152Vietnam2.902009 (April)
155Singapore1.902011 (March)
162Thailand1.202009 (September)

Unemployment Rates North and Central America

Overall RankCountryUnemployment Rate (%)Data as of
-Guam (US)56.02010 (August)
- American Samoa (US)23.82010
-Puerto Rico (US)16.02011 (June)
50Belize12.62009 (September)
77United States9.02011 (October)
-U.S. Virgin Islands (US)7.92010 (April)
88Costa Rica7.82009 (October)
103Canada7.22011 (July)
122Trinidad and Tobago5.82009
124Mexico5.52010 (April)

Unemployment Rates Europe

Overall RankCountryUnemployment Rate (%)Data as of
26Spain21.52011 (October)
30Greece18.42011 (August)
42Ireland14.02011 (May)
51Portugal12.42011 (May)
68France9.52011 (May)
73Poland9.22011 (May)
81Slovenia8.32011 (May)
84Italy8.12011 (May)
90Finland7.82011 (May)
93Sweden7.72011 (May)
94Iceland7.62010 (June)
95United Kingdom7.62011 (March)
98Denmark7.42011 (May)
99Cyprus7.42011 (May)
100Belgium7.32011 (May)
108Romania7.02011 (March)
121Germany5.82011 (September)
132Luxembourg4.52011 (May)
134Austria4.32011 (May)
135Netherlands4.22011 (May)
145Norway3.42011 (April)
151Switzerland2.92010 (June)

Unemployment Rates Africa

Overall RankCountryUnemployment Rate (%)Data as of
5 Djibouti59.02007
22South Africa25.02011
67Algeria10.02010 (September)
142Ghana3.62008 (September)

Note: Countries whose unemployment figures refer to years earlier than 2006 were not included in the list.
Source: CIA World Factbook
« Last Edit: June 09, 2012, 03:31:12 PM by AdGeek » | Your smart guide to money matters and entrepreneurship.

Unemployment in the Philippines
« on: June 09, 2012, 01:42:26 PM »

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Re: Unemployment in the Philippines
« Reply #1 on: June 09, 2012, 01:45:35 PM »
Well,here in Pinas we also have the "underemployed" or those who after fighting it out,so to speak, just to get employed ,then only to be underpaid.And am not talking about low salary , am talking about getting below minimum wage and no overtime pay.This is blatantly being practiced by even supposed to be reputable establishments..I know of a big supermarket chain that underpay their employees and I mean below minimum and no overtime pay...even if they are required to render OT...Which Supermarket chain is this?...well..its NOT hypermarket or SM..they pay the minimum and OT...take a guess...By the we still have Department of Labor And Employment?...coz the last time I checked...paying below minimum or not paying OT or both illegal...
« Last Edit: June 09, 2012, 03:32:01 PM by AdGeek »


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Re: Unemployment in the Philippines
« Reply #2 on: August 06, 2014, 09:48:03 AM »
Ngayong 2014, tumaas pa daw ang bilang ng unemployment sa bansa.


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Re: Unemployment in the Philippines
« Reply #3 on: December 18, 2017, 09:56:06 AM »
Well the fact is is Philippines is improving. | Your smart guide to money matters and entrepreneurship.

Re: Unemployment in the Philippines
« Reply #3 on: December 18, 2017, 09:56:06 AM »


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