The NSO reported that in January 2013 there are about 2.9 Million jobless Filipinos representing an approximate increase of 122,500 Filipinos without jobs compared to the last quarter of 2012.
Percentage wise, the 2.9 Million jobless Filipinos represents 7.1% of employable people in the Philippines who are actively seeking for a job, an increase from 6.8% against the last quarter of 2012.
The National Capital Region has the highest unemployment rate at 9.5%, whereas the best performing regions in terms of job generation are Cagayan Valley and Zamboanga Peninsula at 3.3% and 3.4% unemployment rate respectively.
The statistics on employed sector is likewise discouraging because it includes an estimated 7.93 Million persons who are underemployed or about 20.9% of all employed Filipinos. Stating it the other way, about 7.93 Million Filipinos are either paid lower than what they deserve to get as compared to their education, competency and capabilities or were given job assignments that are less than 8 hours a day.
The above figures are expected to increase as those newly high school graduates (who will not pursue higher education) and those in college level (who will no longer continue schooling) and college and university graduates will join the labor force.
The NSO survey further revealed that 16.9% of college graduates are jobless. Hence, in absolute number, the 16.9% translates to almost 500,000 jobless college graduates.
The Philippines poverty incidence, based on the latest data available, still remain a high of 27.9% translated to absolute number will represent more or less 30 Million Filipinos being afflicted by the disease called poverty.
There are about 4 in every 10 Filipinos living in the rural area that are suffering from poverty compared with 2 out of 10 Filipinos living in the city.
The huge number of Filipino people still suffering from poverty is the very reason why the government band aid remedy of Cash Conditional Transfer or CCT is requiring a gigantic fund in the vicinity of 40 Billion Pesos for 2013. CCT is a very good program to prolong poverty. Job generation is the most effective program to combat and reduce the incidence of poverty.
On the education front, there are about an annual average of 2.13 Million college students who dropped out or have failed to finish their college education, whereas, there are about an annual average of 1.3 Million high school students who dropped out or have failed to finish high school education.
What do you think is the best reference and yard stick to measure the progress of the Philippines as a nation?
Is it the more or less 2.9 million jobless Filipinos, about 30 Million poverty stricken Filipinos and about 3.43 Million college and high school drop outs versus the record high April 2013 of 7120 index points of the Philippines Stock Market?
Be the judge. Go out and vote wisely come May Election.