Tuesday, July 28, 2015

2014 unemployment rate is PHL’s lowest in a decade –PNoy

The Philippines had its lowest unemployment rate in the past decade at 6.8 percent last year, President Benigno Aquino III said Monday in his sixth and last State of the Nation Address (SONA).

Aquino said his administration has generated jobs for Filipinos locally, resulting in a decrease of overseas workers from 9.51 million in 2011 to 9.07 million last year.

"Permanenteng trabaho ang nalikha natin, hindi nag-hire ng mga magwawalis sa kalsada tuwing survey period," he said.

Aquino also said OFWs can now stay in the country and find opportunities in the Philippines instead of searching for greener pastures abroad.

"Noon, makikita sa mga signage 'No Vacancy,' ngayon, 'For Immediate Hiring' na," he said.

He also praised the Department of Labor and Employment (DOLE) for the minimal labor strikes in his five years in office.

A total of 15 strikes were held from 2010 to 2015, compared to the 199 strikes during the Arroyo administration, Aquino said.

In addition, only one strike has been held this year so far, the lowest in the history of DOLE, according to the President.

Aquino credited Labor Secretary Rosalina Baldoz for the gains in the labor sector, calling her "Pastora ng Gabinete." —Marisse Panaligan/KBK, GMA News

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