Aquino government clueless over PH unemployment problem

The report of the National Statistics Office that the country’s unemployment rate has worsened to 7.5 percent last January (from 7.1 percent January 2013) has thrown cold water over President Aquino’s boasts about the Philippines supposedly achieving tiger-economy rates of growth under his watch.

What’s the use of growth if it isn’t creating jobs for the poor, and even burying them deeper in poverty? The rich after all, don’t really need to work. What’s the use of the double-digit growth rates of Philippine conglomerates like Henry Sy’s SM empire, the Ayala group, and the Indonesian Salim empire if these just lead to their owners getting higher rankings on the global billionaire lists while the poor get hungrier and less able to buy medicines they need?