In the Philippines, one major problem is the continuous rise of unemployment. This article which is a condensed version of Dr. Gerardo Sicat's paper with similar title deals with the Philippine labor market and the reforms needed to overhaul the market. It notes that generating the required jobs is just the beginning. What is more important is the formulation of policies that would not just create jobs but ensure that they are good, quality and sustainable jobs that can support the Filipino families. Unfortunately, the country's economy has failed to create the number of needed quality jobs for the people resulting in more unemployed and poor Filipinos. This failure has also further segmented the labor sector into mainstream labor market, low income and informal labor market, and the "great escape" labor market.