This study provides an in-depth analysis of the unemployment issue in the Philippines. It explores the various factors contributing to unemployment, including macroeconomic conditions, labor market rigidities, and skill mismatches. The study also examines the impact of unemployment on economic development and social stability. Based on the findings, the study proposes a set of policy interventions aimed at promoting inclusive growth, enhancing the employability of the labor force, and addressing structural issues in the labor market. The recommendations are intended for policymakers, economists, researchers, students, educators, and scholars in the field. The study contributes to the broader goal of fostering sustainable economic development in the Philippines.
Keywords: unemployment, philippine economy, circular economy, government programs, PRISMA diagram, systematic review
JEL Classification: economy
Suggested Citation: Suggested Citation
Castillo, Albert and Abante, Marmelo V. and Vigonte, Florinda, Addressing Unemployment: A Critical Issue in the Philippine Economy (February 19, 2024). Available at SSRN: https://ssrn.com/abstract=4731483 or http://dx.doi.org/10.2139/ssrn.4731483
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