Giovanni Tapang, Ph.D.
President Aquino wondered aloud on why the country is facing the very high unemployment rate reported by the Social Weather Station earlier this week. In their estimation, around 12.1 million Filipinos are unemployed right now which is 27.5 percent of Filipinos of working age. This is six percent higher than the previous quarter’s 21.7 percent despite the recently reported 7.2 percent growth of the economy.