New jobs not enough as PH population continues to grow
MANILA, Philippines - Despite the country's decreasing unemployment rate, the jobs currently being generated by the government and the private sector are not enough because of the continuous rise in population.
"We may have a growing number of jobs but we are not able to match the growth rate in the labor force," Jose Ramon Albert, secretary general at the National Statistical Coordination Board, told ANC News Now.
The Philippines managed to curb its unemployment rate to 7% in 2011 from 7.3% in 2010, but it fared behind other Asian countries whose levels were far better.
For instance, Thailand's unemployment rate stood at 0.7% in 2011, Vietnam at 2%, and Malaysia at 3.1%.
"We have a growing population and it keeps on growing," Albert pointed out, explaining how continuous creation of jobs in the country does not seem to dramatically pull down the unemployment rate.
"In Malaysia, its unemployment rate used to be similar to ours but they managed to get more jobs relative to their population," he shared.
Albert also said the government isn't to blame for the lack of jobs.
"It can only provide a stable environment [for the private sector] which is what the government is doing now," he said.