THE Philippines remains the least performing country in Southeast Asia in terms of job generation despite the much-touted economic growth, Sen. Joseph Victor “JV” Ejercito said on Monday.
In his contra-SONA (State of the Nation Address), Ejercito noted that not only did the Philippines get the highest unemployment rate in the region, it also failed to show improvement on the issue for the past three years.
He said from an unemployment rate of 7.3 percent in 2010, the Aquino administration only managed to lower it by .3 percent in 2011 and 2012 before it went back to 7.3 percent in 2013.
The senator claimed that the economic growth President Benigno Aquino 3rd boasted about in his SONA two weeks ago has not trickled down to the ordinary citizen.
“Our economy might be improving, but it is only felt by mere three percent of our population,” Ejercito said.
The senator cited rising prices of commodities like rice, fuel and electricity. The severe traffic congestion, he said, indicates the lack of vital infrastructure that could help spur the economy.
According to him, the failure of government to improve the agricultural sector through the introduction of modern farming equipment and facilities could mean disaster for farmers and other stakeholders next year.
Ejercito said he wants the President to succeed but Aquino must first acknowledge his shortcomings and accept the problems before solving them.