SWS: 7.2 million jobless Filipinos in 2017, lowest since 2004

SWS: 7.2 million jobless Filipinos in 2017, lowest since 2004

Unemployed Filipinos are beginning to change… for the better.

The Social Weather Station has released a new survey, that makes  validation that the Duterte administration is indeed making a “change” in the country. Unemployment has always been one of the perennial problem for any administration, and the entry of the new presidency has made significant ripple of changes in the country.

The SWS in its 4th quarter survey, they have released new numbers that would really makes us smile. The SWS said that a 15.7 percent or 7.2 million adult were jobless in December 2017, the lowest rate in 13 years.   *

Strong Leadership, political will, and peace and order are making significant changes in lowering the number of unemployed Filipinos in the country(photo credit to the owner)

The survey includes unemployed Filipinos that have voluntarily left their former employment, those who lost their jobs due to economic circumstances beyond their control, and the first-time job seekers.

The survey showed that in December 2017 joblessness rate was lower compared to September 2017, which showed 18.9 percent or 8.7 million adults were jobless, and the lowest since March 2004 where around 9.8 percent of adults were jobless.

Malacañan in its press statement were elated with the results.

"The Duterte administration is indeed on the right track in making sustainable and inclusive growth as part of our development plan. Department of Budget and Management data showed infrastructure disbursements jumping 44.8 percent year-on-year to P43.8 billion last November," Presidential Spokesperson Harry Roque said in a statement.

1,200 Filipinos aged 18 and above- 300 each from Metro Manila, Balance Luzon, the Visayas, and Mindanao were asked by the Social Weather Station survey.

A unique data that was deduced from the survey, and that is there is a very high ‘Optimism” of Filipinos in getting a job.

Of the respondents asked , 53 percent said they believe more jobs will be available in the next 12 months, 24 percent said there will be no change, and 12 percent said there will be fewer jobs.   *

This put the net optimism at +41 or "excellent," the highest since 1998 or during the Estrada administration.

The net optimism is obtained by subtracting the number of those who believe there will be fewer jobs (12 percent) from those who said there will be more jobs available (53 percent).

During the signing of the Tax Reform for Acceleration and Inclusion Act (TRAIN Law), Malacañan has declared that the Build Build Build Infrastructure Program of the Duterte administration has a vison that it can create more than million jobs a year.

Report from CNN Phils



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