Malacañang welcomed the results of the Second Quarter 2018 Social Weather Stations (SWS) survey showing adult joblessness at 19.7 percent in June, 4.2 percent lower than the 23.9 percent recorded in March 2018.
SWS estimated that adult joblessness went down by 2.3 million, from March 2018’s 10.9 million to June 2018’s 8.6 million.
“Ito po ay patunay na bagamat may problema sa inflation, nananatiling malakas po ang ating ekonomiya as evidenced by the reduction in joblessness,” Secretary Roque stressed.
(This is a proof that though there is problem in inflation, the economy remains strong as evidenced by the reduction in joblessness.)
The results are consistent with the recently released Labor Force Survey (LFS) of the Philippines Statistics Authority (PSA) which indicated that the July 2018 employment rate improved to 94.6 percent, according to Roque.
“This PSA figure, we reiterate, is the highest in the last 10 years among previous July rounds, as per the National Economic and Development Authority. Patunay po na patuloy na napakalakas ng ating ekonomiya,” he pointed out.