Proponents of charter change insist that more FDI from changing the Constitution’s economic provisions will create job opportunities and decrease unemployment. Has unemployment decreased as FDI increased?
Annual FDI inflows increased from an average of US$1.6 billion annually in the decade 2000-2009 to US$5.9 billion in the decade 2010-2019. Yet the number of unemployed Filipinos stayed high at an average of 4.29 million unemployed Filipinos within the same period, before the pandemic lockdowns, with a peak of 4.71 million jobless in 2019. This uses the same unemployment methodology for consistency.