PH Joblessness Rises Amid Stellar Growth

Officials said joblessness rose to a three-year high in April amid record economic growth as new graduates flooded the job market while unfavorable weather conditions stymied hiring in the agricultural sector,  reports the Philippine Star. The National Statistics Office (NSO) Labor Force Survey showed unemployment reached 7.5 percent in April, up from 6.9 percent in the same period last year. The current unemployment rate was the highest since the eight percent recorded in 2010. The country’s economy expanded 7.8 percent in the first three months of the year, outstripping China to make it Asia’s fastest-growing economy.