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  • Essay / Factors behind the high level of youth unemployment in the Philippines

    The Philippine Statistics Authority (PSA) report shows that the country's overall unemployment rate fell from 6.6 percent in January 2017 to a low of 5.3% in January 2018. However, unemployment in the Philippines remains the highest among members of the Association of Southeast Asian Nations. This reflects the fact that the 2.4 million jobs generated last year were not enough to keep pace with the labor force. Furthermore, the International Labor Organization said the country would remain one of the main contributors to youth unemployment in the region, given that almost half (43.2%) of the unemployed were in the age bracket. age 15 to 24. Despite rapid economic growth in the Philippines, youth unemployment remains high and job quality remains a major concern. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get an Original EssayOne of the major causes is the lack of availability of jobs on offer. Millions of people need jobs, but few can get one, due to the rapid population growth rate. The Asian Development Bank said the number of jobs generated each year is lower than what is needed to absorb new labor market entrants and the unemployed. For this reason, the government should play a role in creating jobs by creating more infrastructure projects, improving services and reducing corruption. This will improve the investment climate and engagement with the private sector. Other factors include job skills mismatches in the labor market, lack of labor market information accessible to young people, and insufficient employment services for at-risk youth. The skills mismatch is further intensified by poor education system. The quality of education is necessary to complement the needs of the labor market. Many jobs require levels of education that young people have not yet achieved. This is why there should be opportunities for all students to accumulate direct work experience during their studies, to better prepare them for employment. It's like giving them more time to develop their skills, making them more productive and more valuable to employers. The AfDB also said that improving the relevance and quality of technical and vocational training programs and strengthening certification frameworks would help overcome these inequalities. Today, access to labor market information has improved thanks to technology. There are many online job portals that connect potential employees with potential employers. It facilitates access to a wide range of jobs in different sectors. However, the AfDB noted that a large number of young people belong to low-income households and limited social networks. The government should therefore collaborate with the private sector to establish employment centers, especially in remote areas, to provide a comprehensive range of assistance. Youth unemployment is not just our problem, the ILO in its Global Youth Employment Trends reported that there are 70.9 million young people. unemployed youth and is expected to increase after several years of improvement. This is a huge challenge that can only be addressed through innovative policies, but what we need most is greater collaboration between private sectors, governments and society. Keep in mind: this is not..