PH economy failing to generate enough jobs for young workers, Ibon says

The Philippine economy is failing to generate enough jobs for young workers, the Ibon Foundation said. The local think tank stated that the economy's "weak" industrial base limits its capacity to create stable, productive, and better-paying jobs. Ibon made the point as ongoing reframing of higher education stirs controversy, saying that education planners should focus on the "economy's failure." It stressed that the youth unemployment problem is inseparable from the economy's structural issues, and the current situation where young people cannot secure sufficient opportunities is a cause for concern regarding the economy's health. This report sheds light on the severe economic challenges facing the Philippines, particularly the lack of employment opportunities for the youth. It suggests that economic growth is not necessarily benefiting the population, especially the younger generation. In a country with high reliance on overseas Filipino workers (OFWs), creating stable domestic employment opportunities is an urgent issue for economic sustainability and social stability.