Similarly one may ask, what are three causes of unemployment?
A look at the main causes of unemployment – including demand deficient, structural, frictional and real wage unemployment.
Also Know, what is the main cause of unemployment in the Philippines?
Rapid Population Growth. The more probable cause of unemployment in the Philippines is the unavailability of jobs provided. Overpopulation is one of the key factors in the growing unemployment in the Philippines. The growth of population directly encouraged the unemployment by increasing the labor force.
What are the causes of unemployment in developing countries?
Causes:
Why is unemployment a serious problem in the Philippines?
Unemployment and underemployment are the Philippines’ most important problems and the key indicators of the weaknesses of the economy. The social costs of this mass unemployment range from income losses to severe social and psychological problems resulting from not having a job and feeling insecure about the future.