Malacañang welcomes drop in joblessness rate

May 1 2017 11:19 AM

Malacanang on Monday ( May 1)  welcomed the slight drop in the number of jobless Filipinos in the country, as President Rodrigo Duterte marked his first Labor Day as the chief executive.

In the latest Social Weather Stations (SWS) survey conducted from March 25-28, adult joblessness was at 22.9% or an estimated 10.4 million adults. This was 2.2 points lower than the 25.1% recorded during the December 2016 survey.

Presidential spokesperson Ernesto Abella said this was “an affirmation of the significant strides of the Duterte administration in sustaining the country’s robust economic growth and making it inclusive.”

“The government increased investments in infrastructure will usher in the Golden Age of Infrastructure through our Build-Build-Build campaign which is expected to employ millions of Filipinos in the next five years and spur economic activities by stimulating countryside development,” Abella said in a statement.

On April 18, the Duterte administration launched its “Build, Build, Build” program, which would usher big-ticket infrastructure projects in the country.

The government’s economic managers said a total of P8.4 trillion would be spent for infrastructure projects such as the Metro Manila subway, the Mindanao railway and the Philippine National Railways (PNR) North Rail among others.

“The new roads, bridges and railways would make the flow of commodities and services cost and time efficient thereby expanding the domestic economy,” Abella said.