ADB calls for quality jobs for PH youth

The Philippines’ young population offers the country an opportunity to accelerate its economic growth, but the potential gains of the ‘demographic dividend’ risk being wasted unless government can encourage the creation of more quality jobs for youth, the Asian Development Bank (ADB) said.

In a report, the Manila-based multilateral lender said despite the historically low 5.8 percent unemployment rate in January this year, the jobless rate of young people aged 15 to 24 years old remains much higher at 14.4 percent.