The Philippines is set to become “Asia’s rising tiger” amid string of positive economic signs, most recently the drop in the country’s unemployment rate, Malacañang said on Friday.
Presidential spokesman Edwin Lacierda has welcomed the latest Labor Force Survey showing the unemployment rate fell to 5.8 percent last January from 6.6 percent in January 2015.
“This latest piece of good news points toward our continued upward trajectory along Daang Matuwid. With such positive signs of our vibrant labor market, the Philippines is poised to secure its status as Asia’s Rising Tiger,” Lacierda said in a statement.
“The past five and a half years have allowed our country to take great steps toward progress; now, as another crossroads looms before us, it is up to us to decide whether we want to sustain this momentum or again live under uncertainty,” he added.
The country’s latest jobless rate is considered the lowest recorded for all surveys conducted in January in the past decade, Lacierda said.