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The price differences can be caused by a myriad of different things from the size of the economy and hence the level of economies of scale, to different structures and situations, from particular reliance on shipping... All these differ from one country to another
When I joined the World Bank education team in Kigali, Rwanda, I was tasked with undertaking a labor market landscaping analysis to understand the “skill gaps” prevalent in the country and trace the underlying factors behind such gaps. As I embarked upon this endeavor, it soon dawned on me that high unemployment and underemployment rates in the country are as much, if not more, a demand-side problem as they are a result of supply-side factors, such as skills deficits in the labor force.
This translates to 2.42 million jobless Filipinos in March this year, lower than the previous month's 2.47 million
Around 2.42 million out of 51 million Filipinos in the labor force, equivalent to 4.7%, were unemployed in March 2023, better than the 5.8% in the same month last year
The country’s unemployment rate declined in March while the quality of jobs improved, according to the Philippine Statistics Authority.