Module 1: Societal Problems
Activity 1.1 Determine the unemployment rates of the past ten years from the National Economic Development Authority sources.
The graph shows that the unemployment rate in the Philippines has decreased over the past 10 years. There was a significant decrease seen in 2005. From 2006 to 2014, the statistics were stagnant. In January 2004, there were 3.9 million Filipinos who are not employed. The number decreased by more than a million in 2015. There were 2.7 million unemployed Filipinos in January 2015.
Source: http://www.neda.gov.ph/?p=5201
MANILA— The number of jobless Filipinos fell further in January 2015, showing signs that the country’s labor market is continuously improving and fueling hopes that the better employment figures will sustain recent findings of increased incomes of low-income families, according to the National Economic and Development Authority (NEDA).