jobless rate

Unemployment Rates by country (2013)

Millions of college-level students are graduating or have graduated again at this time of the year. Millions of Filipinos, then, will be added to the labor workforce and, if available jobs are not enough to absorb them, would surely increase the country’s unemployment rate.

As of the latest quarter, the Philippine unemployment rate stands at 7.10%. This translates to more than 2.89 million Filipinos without work.

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