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Palace welcomes drop in number of jobless Pinoys in Q4 2019

Malacañang on Wednesday welcomed survey findings showing a decrease in the number of adult Filipinos without jobs.

A survey conducted by the Social Weather Stations from December 13 to 16, 2019 found that the estimated number of jobless adults fell to 7.9 million from 10 million in September.

The SWS defined “jobless adults” as those who left their old jobs, are seeking jobs for the first time, or lost their jobs due to economic circumstances beyond their control.

“The President understands that attracting domestic and foreign investments through good governance and sound economic policies is key to a vibrant labor market and progressive economy,” presidential spokesperson Salvador Panelo said.

“We commit to continue creating an environment conducive to growth that generates more high-quality jobs to the greatest number of Filipinos.”

The survey also said joblessness in urban areas [15.3 percent] was at its lowest in 15 years. —NB, GMA News