The Palace said this is a sign of the im­prov­ing econ­omy of the coun­try

Sun.Star Davao - - TOP STORIES -

Manila - There were an es­ti­mated 8.6 mil­lion Filipinos who had no jobs in the sec­ond quar­ter of this year, but they were fewer than the 10.9 mil­lion un­em­ployed per­sons re­ported as of March.

In a press con­fer­ence, Pres­i­den­tial Spokesper­son Harry Roque Jr. said the poll re­sults merely proved that the coun­try’s econ­omy is im­prov­ing, de­spite the 6.4 per­cent in­fla­tion recorded in Au­gust.

“Ito po ay patu­nay na bagama’t may prob­lema sa in­fla­tion, na­natil­ing malakas po ang at­ing ekonomiya (It is proof that while there is a prob­lem with in­fla­tion, our econ­omy re­mains ro­bust), as ev­i­denced by the re­duc­tion in joblessness,” the Palace of­fi­cial said.

Based on the June 27 to 30 sur­vey by the So­cial Weather Sta­tions (SWS), joblessness de­clined by 4.2 per­cent­age points to 19.7 per­cent in the sec­ond quar­ter of 2018 from 23.9 per­cent recorded in the first quar­ter.

The poll­ster de­fines job­less adults as those who have ei­ther vol­un­tar­ily left their pre­vi­ous jobs, lost their jobs be­cause of re­trench­ment, or are seek­ing jobs for the first time.

The sur­vey showed that 9.5 per­cent, or an es­ti­mated 4.2 mil­lion adults, re­signed or left their jobs vol­un­tar­ily, down by 3.1 per­cent­age points from 12.6 per­cent as of March.

Those who were re­trenched from May to June fell by 0.9 per­cent­age point to 6.8 per­cent, es­ti­mated at three mil­lion, from 7.7 per­cent in March.

Of the 6.8 per­cent re­trenched em­ploy­ees, four per­cent did not have their re­newed con­tracts, 2.1 per­cent were laid off, and 0.7 per­cent had em­ploy­ers who closed op­er­a­tions.

There was lit­tle change among the first-time job seek­ers, es­ti­mated at 1.5 mil­lion or 3.4 per­cent in June from 3.5 per­cent in March.

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