Philippine Youth Unemployment Rate for October 2016 at 11.6%

The country’s youth unemployment rate declined in October to 11.6 percent, a record low since 2006. Despite the improvement, the government notes that it is still more than twice the national rate of 4.7%; the number is also three times higher than the unemployment rate for the 25-to-54 age bracket. These indicate the need to equip youth with the right skills and experience to be able to properly compete in the labor market,…

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