BUSINESSWORLD: UNEMPLOYMENT AT 6.8%; 2.8M WITHOUT JOBS
Unemployment was higher than the 6.4% recorded a year earlier, data from the quarterly Labor Force Survey of the National Statistics Office showed. In absolute terms, the number of jobless Filipinos as of October was 2.8 million, the same as July's but up from the 2.6 million a year ago. GDP (gross domestics product) was high but the pattern of growth is not job intensive. It is worrisome because we are not creating jobs," said Rene E. Ofreneo, director of the Center for Labor Justice.
Unemployment was higher than the 6.4% recorded a year earlier, data from the quarterly Labor Force Survey of the National Statistics Office showed. In absolute terms, the number of jobless Filipinos as of October was 2.8 million, the same as July's but up from the 2.6 million a year ago. GDP (gross domestics product) was high but the pattern of growth is not job intensive. It is worrisome because we are not creating jobs," said Rene E. Ofreneo, director of the Center for Labor Justice.
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