Neda, DOF see better jobs numbers as GCQ sets in

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The transition to a less restrictive GCQ in many places was expected to narrow the unemployment rate of more than 17 percent posted last April, which broke a 15-year record, according to the country’s chief economist. | bendeveraINQ

“Demand will start picking up and people will be back to employment,” Dominguez said.

In the meantime, Dominguez urged members of the Social Security System , pension fund system for private sector workers, to avail themselves of unemployment insurance which the SSS offers. Under GCQ, which was supposed to be less restrictive than ECQ, Chua said 25 percent of economic activity is still not allowed to resume.

 

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