Unemployment still a major problem—Binay

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Malacañang should not take credit away from the resiliency and industry of Filipinos and instead should offer concrete solutions to combat unemployment and underemployment in the country, ac-cording to the camp of Vice President Jejomar Binay.

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“The recent TIME [Magazine] report that Filipinos are the most optimistic citizens in job- hunting is a testament to the industry and the resiliency of our people,” Rico Quicho, Binay’s spokesman on politi-cal concerns, said in a statement on Friday.

Instead of patting itself on the back, Quicho added, Malacañang should review its policies in order to address problems of unemployment and underemployment.

Contrary to what Malacañang is trying to show, he said, unemployment and underemployment are still rampant in the Philippines.

“The International Institute for Management Development (IMD) World Competitiveness Yearbook 2015 mentions that the Philippines has the worst unemployment and underemployment problem among Asean-5 economies,” Quicho added.

“In 2014, the Philippines’ unemployment rate was 6.8 percent, much higher than Indonesia’s 5.94 per-cent, Malaysia’s 2.9 percent, Singapore’s 2.0 percent and Thailand’s 0.84 percent. We rank 41 out of 144 economies,” he pointed out.

Quicho cited local think tankIBON Foundation’s research that showed 4.3 million (10.5 percent) went jobless and 6.9 million (16.8 percent) are underemployed out of the 41-million labor force in the coun-try.

Meanwhile, he said, the Vice President–unlike Malacanang–has made tangible strides in combating unemployment and underemployment during his term as mayor of Makati City (Metro Manila)..

“Vice President Jejomar Binay has successfully done this as then-mayor of Makati through his Dual Training System (DTS) program in the University of Makati (UMak) where students are equipped with a set of skills to suit the needs of companies. Over 90 percent of UMak graduates are hired within three months from leaving campus,” Quicho said.

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5 Comments

  1. Does the unemployment figure include the millions of overseas workers who go abroad for lack of jobs in their own country?

  2. I agree that unemployment should be a primary concern .
    This government is not doing what it’s suppose to !

    We hope for the next administration to find a solution and create more jobs to benefit the youth . Increase minimum wage to afford better life of the majority of the poor . Let the rich and big corporations pay their rightful taxes .
    Install strict law to prevent and monitor corruption in government.

  3. Its the “plunderer” thst is the big problem snd not employment like you. If you guys did kot steal the money. Unemployment rate will be less.

  4. Since time immemorial this is Philippines biggest problem, don’t need to know that

    • Absolutely correct. What many Filipinos would like to hear is what have you done as VP, Mayor, etc. Don’t divert the issue to others.