LETTER FROM TORONTO: The ultimate value of education
LETTER FROM TORONTO: The ultimate value of education
Every year, college graduates in the Philippines face the grim reality that only three of ten graduates have a real chance of landing a job. This means that seven out of ten new graduates would end up jobless.
In absolute figures, the numbers of unemployed college graduates are staggering. The Philippines Commission on Higher Education estimates that 542,000 college students will graduate this year, and 60 per cent or 325,000 of these graduates would be looking for jobs. Add them to the 523,000 unemployed graduates as of January 2010, and there would be 848,000 new and old college graduates competing for available jobs.
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