A Social
Weather Stations (SWS) survey showing a decrease in the country’s adult
joblessness rate in the last quarter of 2015, which brought the annual average
rate down to its lowest level in 11 years, “affirms our collective progress
under Daang Matuwid”, Presidential Spokesperson Edwin Lacierda said in a
statement.
The SWS, in
its Fourth Quarter 2015 Survey, reported that adult joblessness fell to 21.4
percent from 23.7 percent in September 2015, bringing the rate for 2015 down to
21.9 percent from 25.4 percent during the previous year. This annual average is
the lowest since 2004.
The SWS also
noted an improvement in job market optimism. According to the survey, 45
percent of adults—up from 35 percent last September—expect the number of
available jobs to increase in the next 12 months.
Only 16
percent expect otherwise, down from 21 percent.
“Over the
past five and a half years, the Aquino administration has made significant
strides, not only in terms of economic growth but also toward greater
inclusivity. Apart from successfully reaching a 6.2 percent six-year moving
average of real GDP (gross domestic product) growth—the highest in 38 years,
since 1978—the government continues to maximize our resources toward better
citizen welfare, resulting in lower rates for self-rated poverty and hunger,
and increased optimism,” Secretary Lacierda said.
Whether by
working to attract more investments or by accelerating the resolution of
job-skills mismatch through such agencies as the Department of Labor and
Employment and the Technical Education and Skills Development Authority
(TESDA), “the government remains committed to continually improving the lives
of our Bosses,” he added.
The Palace
official expressed hope that “our fellow citizens who have made Daang Matuwid
possible will achieve the continuity necessary for a better and brighter
future” when they vote for new leaders in May.
The SWS survey was
conducted from December 5 to 8 last year among 1,200 adults nationwide. (PCOO
News Release)
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