Philippines has lower unemployment compared to Indonesia, Vietnam, Malaysia and Thailand.
This is according to data derived from the World Bank comparing unemployment rates among ASEAN countries.
Youth unemployment refers to the share of the labor force ages 15-24 without work but available for and seeking employment.
Low unemployment rates can disguise substantial poverty in a country, while high unemployment rates can occur in countries with a high level of economic development and low rates of poverty.
Young men and women today face increasing uncertainty in their hopes of undergoing a satisfactory transition in the labour market, and this uncertainty and disillusionment can, in turn, have damaging effects on individuals, communities, economies and society at large.
Widespread youth unemployment and underemployment also prevents companies and countries from innovating and developing competitive advantages based on human capital investment, thus undermining future prospects.
Report from World Bank