Lower joblessness proves economy remains strong: Palace

MANILA MalacaAang on Thursday welcomed a Social Weather Stations (SWS) survey that showed joblessness went down by 4.2 percent in the second quarter of the year.

According to the SWS survey, joblessness declined from 23.9 percent in March to 19.7 percent in June.

The pollster estimated the June 2018 adult joblessness at 8.6 million compared to 10.9 million in March this year, marking a drop of 2.3 million.

Ito po ay patunay na bagaman may problema sa inflation, nanatiling malakas po ang ating ekonomiya (This proves that although we have an inflation problem, our economy remains strong) as evidenced by the reduction of joblessness, Presidential Spokesperson Harry Roque said during a Palace press briefing.

He said the SWS survey is consistent with recent data released by the Philippine Statistics Authority (PSA), which indicate that July 2018 employment rate improved to 94.6 percent.

According to the National Economic and Development Authority (NEDA), the PSA data is the highest in the past 10 years among previous July rounds.

Patunay po na patuloy na napakalakas ng ating ekonomiya (This proves that our economy remains very strong), Roque said.

Meanwhile, the Palace also welcomed the inauguration of the Rapid Exit Taxiways (RETs), which is expected to reduce the number of delays for aircraft at the Ninoy Aquino International Airport (NAIA).

The Department of Transportation (DOTr) and the Manila International Airport Authority (MIAA) inaugurated the new RETs this week.

The DOTr noted that the addition of RETs is expected to shorten aircraft spacing requirements for air traffic control and improve runway occupancy time, Roque said.

The DOTr also said RETs will provide quicker exit for aircraft going to the taxiway and pave the way for quicker release of flights taking-off.

We are expecting that these new exit taxiways will reduce the number of delays for aircraft, Roque said. (PNA)

Source: Philippine News Agency

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