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ILO: Noy failed to create enough labor opportunities By Michaela P. del Callar 01/25/2012

Wednesday, January 25, 2012

ILO: Noy failed to create enough labor opportunities

By Michaela P. del Callar 01/25/2012

Despite the recent frequent hype about the supposed improvement in the image of the country during the administration of President Aquino resulting in increased investments in the country and thus the creation of more jobs, Aquino fell short of creating labor opportuni-ties for Filipinos, the International Labor Organi-zation (ILO) said, warning that job generation must be dealt with at once if the country wants to sustain its economic growth.

Although employment growth in the Philippines has remained “positive,” the ILO, in its annual report, said some 40.2 Filipino workers remain in a state of “vulnerable unemployment.”

Sluggish employment rate, according to the ILO, stemmed from fluctuations in the country’s gross domestic product growth (GDP) or the total value of the country’s goods and services in 2011 and from back to back major tropical storms that damaged agricultural production that displaced large numbers of workers..... MORE

SourceThe Daily Tribune

URL: http://www.tribuneonline.org/headlines/20120125hed5.html

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