High unemployment rate mars PH growth

Unemployment rate in the Philippines stood at 7 percent—or seven of every 100 Filipinos are jobless—despite the “robust” economic growth” in the past two years, the International Labor Organization (ILO) said in its Global Employment Trends 2014 report.

Too, 11 percent of the nation’s workers are classified under “extremely poor,” individuals living on less than $1.25 a day, or about P55 a day.