Do Technological Developments Reduce Unemployment in the Philippines?

This study aims to determine and explain whether the effects of Technological developments can reduce the unemployment rate in the Philippines. To determine if technological developments have an impact on the unemployment rate, several variables were used in the study, such as the Information and Communication Technology Index, Domestic Investment, and Foreign Direct Investment. Multiple Regression Analysis is used to find its effects. According to the result, technological development has a significant negative relation to unemployment which implies that technological developments help reduce the unemployment rate. The findings indicate that technological developments will produce more job opportunities resulting in unemployment being reduced