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RRL:

It is a fact beyond doubt that unemployment is one of the never-ending problems across
the globe that largely affects the economy. Developing nation such as the Philippines
experiences and encounters the same challenge more. Whilst these are described as
economic challenges, the rate of unemployment often causes emotional instability to
students especially prior graduation as the unemployment rate of the fresh graduates
continue to rise.

According to Resurreccion (2014), economic growth and stability is directly linked to


unemployment especially to newly graduate job seekers. In addition, it was mentioned
that whenever companies from various sectors are asked why there aren't enough jobs
for graduates despite the country's digital transformation, they frequently respond that
there aren't enough minimally competent workers available. Economic stability also
contributes to the matter because of its underlying factors such as innovation; labor
unions; and industry consolidation, which can basically limit the acceptance of one
business for new employees. Although economic growth and stability are considered as
factors influencing unemployment, Resurreccion (2014) also encouraged having more
exploratory studies so that the results and recommendations can highly contribute to the
administration in coming up for more strategic learning system and to the economy in
providing long lasting solution to the increasing rate of unemployment especially in the
Philippines.

(Synthesis: the focus of the study is about the variable affecting the unemployment rate
of the fresh graduates in the Philippines, which are economic growth and stability.)

Reference:

Resurreccion, P. F. (2014). Linking unemployment to inflation and economic growth:


Toward a better understanding of unemployment in the Philippines. Asian
Journal of Economic Modelling, Retrieved from:
https://ieeexplore.ieee.org/abstract/document/9033029

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