High unemployment rises

Labor and Employment Secretary Rosalinda Baldoz on Tuesday admitted that overcoming the unemployment problem is “formidable,” especially since the country’s joblessness rate increased to 7.3 percent in July.

Baldoz said that the number of unemployed increased by 155,000 to reach 3.002 million in July compared to the 7.0 percent in 2012 of the same period as reported by the National Statistics Office (NSO). The increase hit the prime working age group of 25 to 54 years old and among college graduates.