Unemployment and Poverty in the Philippines

harmonise to the Dictionary of Economics, p everywherety content the inability to secure the borderline consumption requirements for life, health and cleverness on account of lean income or property (Dictionary of Economics, Kapur, Sudarshan). Its the fatuity of an individual to bear the set down of basic human of necessity to such as food, shelter, clothing, tonicity education, and health care. To be backup in poverty is a dreadful condition to be in, for the individual will be lacking in alpha aspects needed for life. Poverty is non a new puzzle in the Philippines. In fact, it is considered wizard of the oldest problems ever to arise in the country. This problem creates a possibility between the rich and the ugly and this gap widens over the prevail of time. Poverty in the Philippines is caused by three deplor fitted major factors such as feebleness in employment generation, presidency corruption, and repetitive shocks and exposure to born(p) calamities.\nThe rate of underemployment and unemployment in the Philippines has been spirited for many years. The data from the guinea pig Statistics Office illustrates that unemployment and underemployment levels in the Philippines placate high. The unemployment bode in the Philippines ontogeny to 7.5 percent, while in April, underemployment estimate was at 19.2 percent. The overall make sense of underemployed individuals was estimated at 7.25 million, with over 80 percent of them functional in the services sectors and tillage (National Statistics Office). Underemployment indicates workers who have a true skill and outstanding talent, all the same they are in a low paying furrow that does not demand those skills and talents. Or workers who are not qualified to work full-time jobs, scarcely are only able to find part-time jobs. Karin Schelzig, agent of Poverty In The Philippines Income, Assets, And Access, states, to a fault many people and slight job opportunities make it stern for the people to meet their unremarkable needs  (Schelzig 95-97). Wit...