LATEST PUBLICATIONS
NEDA 7 COVID-19 RRP 2020-2022
Central Visayas COVID-19 Regional Recovery Program 2020-2022
NEDA 7 RDP 2017-2022 Midterm
Central Visayas Regional Development Plan 2017-2022 Midterm Update
NEDA 7 RDRA 2017-2022
Central Visayas Regional Development Research Agenda 2017-2022
NEDA 7 RDR 2019
Central Visayas Regional Development Report 2019

LATEST AV MATERIALS
PIDS WB 2021-1201
Analyzing the President's Budget for 2022
GIZ-FFS-2020-01
WASHaLOT 3.0: Production Process
GIZ-FFS-2021-03
WASHaLOT 3.0 Mass Production
GIZ-FFS-2021-02
Minimum Requirement Guidelines on WASH in Schools
Publication Detail
WP-2016-06: Macroeconomics and Modelling for Labor Market Analysis: Philippines Employment Projection Model and Key Indicators of the Labor Market

Putting forward observations on a macro-level perspective, the Philippines’ unemployment rate has demonstrated a pattern of downtrend, as examined in periods 2012 and 2014. This observation is also noticeable on the youth unemployment rate, wherein in 2014 the rate hits its lowest in the last five years. Therefore, the sound findings observed involving these macroeconomic variables have imparted an unprecedented boost to the productivity of the country’s human resources that in effect steered the Philippines to a better economic performance. Based on the results generated by the model, the model if lagged from 1 up to 2 years, there will be “slightly under-forecast” unemployment rates. On the other hand, in using the GET model, the forecasted unemployment rates from 2015 to 2019 tend to follow an upward trend, as opposed to the projected rates computed by the PEPM. The contrasting coefficients generated by regression using the Philippines’ unemployment rate as dependent variable and its GDP growth rate as independent variable have explained the assumption of Okun’s Law, wherein a country that produces more output may possibly create more jobs leading to a decrease in its unemployment rate.

Department of Labor and Employment - Institute for Labor Studies
Authors Keywords
Daquio, Carl Rookie O.; Villena, Ivan Cassidy F.; Pacete, Paulina Kim C.; employment; labor market; labor; unemployment; labor economics; macroeconomics; labor market analysis; Projection Model; Philippines Employment Projections Model; PEPM; Employment projection models; EPM ;
Download PDF Number of Downloads
Published in 2016 and available for Downloaded 3 times since August 04, 2021
×
Please let us know your reason for downloading this publication. May we also ask you to provide additional information that will help us serve you better? Rest assured that your answers will not be shared with any outside parties. It will take you only two minutes to complete the survey. You will answer the profile questions only once as long as you enter the same email address. Thank you.


To use as reference:
If others, (Please specify):
Name: (optional)
Email: (required, but will not display; please use the same email address when downloading another publication so that the profile questions will not appear)
Age:
Gender:
If Prefer to self-describe, please specify:
Level of Education:
Occupation:
If employed either part-time or full-time, name of office:
If others, (Please specify):
Would you like to receive the SERP-P UPDATES e-newsletter? Yes No
Use the space below if you have any comment about this publication or SERP-P knowledge resources in general.