TRIBUNE: UNEMPLOYMENT REMAINS HIGH, 1 IN 10 JOBLESS IN CAPITAL
The vaunted 6.6% GDP growth rate last year that Pres Aquino TRUMPETS as one of the best performance of the economy in a non-election year and was the result of his policy on good governance HAD NOT TRANSLATED to increased jobs with the unemployment rate hitting 7.1% last January from 7.2 percent a year ago, which is ONE OF THE HIGHEST JOBLESS RATE IN asia. UP School of Economics prof Benjamin Diokno SAID THAT EVEN THOSE WITH JOBS ARE NOT GUARANTEED TO BE EARNING ENOUGH FOR THEIR DAILY NEEDS. "NEARLY FOUR OF 10 JOBS ARE OF POOR QUALITY," he said.
The vaunted 6.6% GDP growth rate last year that Pres Aquino TRUMPETS as one of the best performance of the economy in a non-election year and was the result of his policy on good governance HAD NOT TRANSLATED to increased jobs with the unemployment rate hitting 7.1% last January from 7.2 percent a year ago, which is ONE OF THE HIGHEST JOBLESS RATE IN asia. UP School of Economics prof Benjamin Diokno SAID THAT EVEN THOSE WITH JOBS ARE NOT GUARANTEED TO BE EARNING ENOUGH FOR THEIR DAILY NEEDS. "NEARLY FOUR OF 10 JOBS ARE OF POOR QUALITY," he said.
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