“Of the one million college graduates annually, only five to ten percent are employed in jobs consistent to their course, only 30 to 40 percent will find any employment. The vast majority of graduates will remain unemployed," he said in his study titled “The OFW economic engine, Philippine Reality and Required Reform Arising from the Global Financial Crisis."
He added that many local nurses even end up paying for a job in a desperate attempt to obtain the necessary work experience.
“There is close to 400,000 licensed nurses who are not gainfully employed and there is an estimated 80,000 board-passers joining the ranks each year," said Soriano. Click this link to read full article GMA news 4/10/09
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