Philippines experiencing inflation rates in prime commodities and has an unemployment problems

These are jobseekers seeking for a job.

There are just 2 ways to be able to survive to earn a living. first is to work and be employed in a small or multinational company and second is to start your own business and be an entrepreneur. But not all can be an entrepreneur because it needs a large amount of capital to start your own business that is why most of the people in Philippines ended as an employee. There are a large number of people who seeks for work but there are just few companies who are in need of them. You can really see that Philippines has a large number of unemployed person because in every job that is vacant and needs an employee to be filled up, there are hundreds or even thousand of applicant that are trying to submit application letters for a single opening. I myself can attest to that because during those times when I applied for a job after graduating in college, we were 3 thousands applicant applying for 8 openings in a medical job. I was one of those lucky applicant who were accepted during that series of panel interviews. It is so hard to find a job here, that is why most of the Filipino people tried their luck in applying for a job abroad for they know that they can get a higher compensation that could support their family and love ones. The picture above show plenty of people seeking for a job. This was taken 2 days ago in the Gaisano Mall of Davao Atrium where they are having their Kabuhayan Job Fair 2008