Unemployment Rate in the Philippines

According to the National Statistics Office or NSO, as of January 2008, 7.4% is the Unemployment rate in the Philippines.

Unemployment has remained high in the Philippines, at almost twice the level of neighboring countries, despite relatively fast employment growth in the past decade. Employment growth was not sufficient to reduce unemployment because of rapid population growth and increased labor force participation.

Hmmmmmn! I just wondered if I will become one of these unemployed people a month from now.