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The Philippines needs to create 14.6 million jobs between now and 2016 to achieve inclusive and sustainable economic growth, the World Bank said Monday, February 4. In a statement at the Philippine Development Forum (PDF) in Davao City, World Bank Philippines Country Director Motoo Konishi explained that “As of now, 10 million Filipinos are either unemployed or underemployed. In addition, 1.1 million new Filipinos enter the labor force every year. That’s a total of 14.6 million jobs that need to be created between now and 2016.” He added, “The need for good jobs—jobs that raise real wages or bring people out of poverty—is an overwhelming challenge.”
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