Is 7% unemployment rate in the philippines good or not? Explain plss?

That%26#039;s about the same unemployment rate of Michigan to put it in perspective for you. Parts of Michigan are nice, and some fine beers are produced there, but I%26#039;m not pining for a return trip to Detroit any time soon. Unemployment is bad no matter how you slice it.

Is 7% unemployment rate in the philippines good or not? Explain plss?credit union

ahm.. if it increased to 7% its not good, if it decreased to 7% it%26#039;s better. sa tingin ko. hahaha

Is 7% unemployment rate in the philippines good or not? Explain plss? loan

It depends. You have to take into account what the population is, where the highest unemployment rates are, how it is affecting the economy and quality of life.

If you live in a city where only 1% of the total 7% is concentrated then that means that unemployment in your area is very low, so it%26#039;s good for you. As a country it all depends on the above mentioned.|||it is actually quite good compared to the other asian countries except for japan and south korea|||The Philippines unemployment rate had been falling in recent years. In 2005, its UR was at 11.70%. So, dropping down to 7% is very good. However, do take into consideration how unemployment is define there, the natural UR, and the economic environment if you are looking for a deeper answer.