Jobless Filipinos has reached the all time low for nearly nine years in a survey conducted by Social Weather Stations (SWS) which boosted optimism on job availability among the Filipinos for the next 12 months.
Presidential Communications Operations Office Secretary Martin M. Andanar said in a text message that “the lower joblessness rate is a result of the Duterte administration’s policy of attracting investments and enhancing the inclusiveness of growth by creating more jobs.”
Here is the result of the SWS survey in graph from Business World:
Rene E. Ofreneo, professor at the University of the Philippines School of Labor and Industrial Relations, “continuing growth of the economy” attributed to the decline in joblessness in the third quarter.
The growth of the country's gross Domestic Product (GDP) has reached 7.1% average at the last quarter is already hitting the top end of their target which is 6-7 % target range for the entire 2016.
“I have the impression that the country is growing despite the politicians mainly because, as a nation, we are remittance driven and we are a consumer-based economy,” Mr. Ofreneo added.
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Dominador Say, undersecretary of the Department of Labor and Employment (DOLE), said that talks are underway with Chinese embassy officials on this possibility. China’s five major cities, including Beijing, Shanghai and Xiamen will soon be the destination for Filipino domestic workers who are seeking higher income.
“I have the impression that the country is growing despite the politicians mainly because, as a nation, we are remittance driven and we are a consumer-based economy,” Mr. Ofreneo added.
Read More:
Dominador Say, undersecretary of the Department of Labor and Employment (DOLE), said that talks are underway with Chinese embassy officials on this possibility. China’s five major cities, including Beijing, Shanghai and Xiamen will soon be the destination for Filipino domestic workers who are seeking higher income.
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