ABS-CBN: Why joblessness remains high despite stellar growth
- The economy may have grown a surprising 7.1% in the third quarter but this did not translate to more jobs, a non-government organization claimed, even noting the country's unemployment rate was relatively HIGHER than that of its Southeast Asian peers. Socioeconomic planning chief Arsenio Balisacan, in an interview of Friday, blamed this matter to SLOW GROWTH in the PAST years and the fast-growing population.
- The economy may have grown a surprising 7.1% in the third quarter but this did not translate to more jobs, a non-government organization claimed, even noting the country's unemployment rate was relatively HIGHER than that of its Southeast Asian peers. Socioeconomic planning chief Arsenio Balisacan, in an interview of Friday, blamed this matter to SLOW GROWTH in the PAST years and the fast-growing population.
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