Analysis About The "Istambay" Phenomenon of The Philippines
Analysis About The "Istambay" Phenomenon of The Philippines
Analysis About The "Istambay" Phenomenon of The Philippines
B. Employment Situation
- Youth unemployment is perhaps one of the most serious social problems in the
Philippines. In 2003, the Philippine National Statistics Office (NSO) released a
compilation of statistics about Filipino youth, entitled, The Filipino Youth: A Statistical
Profile (Ericta, 2003). One of the highlights of this paper is the state of employment that
reflects the apparent difficulties of Filipino youth in entering the labor market.
Table 1 indicates that from 2000 to 2002, the employment rate of youth fluctuated
between 79% and 81%. These rates, according to NSO estimates, were considerably
lower than the employment rates for all ages which stood at 90.2% in 2002. The working
youth accounted for 20% of the total number of employed persons. On the other hand,
1.48 million or nearly half (47.2 percent) of the 3.13 million unemployed persons in the
country in 2002 were youth. This indicates that there were no ready jobs for the new
(young) entrants to the labour force (Ericta, 2003: 4-6).