EMPLOYMENT in Philippine industries in the fourth quarter of last year dropped at its fastest pace since the third quarter of 2007, the National Statistical Coordination Board (NSCB) said Thursday.
The agency said the total employment index continued to decline at 4 percent, its sixth consecutive decline since the index fell 2.5 percent in the third quarter of 2007.
The NSCB said mining and quarrying posted the biggest drop in employment at 30.5 percent, followed by manufacturing and finance at 7 percent and 1.4 percent, respectively.
“Electricity and water, trade; private services; transportation and communication and real-estate posted minimal positive growths,” the agency said.
Industries’ total compensation also slowed down to 2.2 percent from the previous year’s growth of 6.7 percent.
“The highest growth was recorded in real estate at 12.1 percent,” NSCB said.
All other sectors posted positive growths, except for manufacturing which declined by 6.4 percent.
The total compensation per worker dropped 6.4 percent from previous year’s growth of 9.5 percent.
The highest growth came from mining and quarrying at 49 percent, followed by real estate at 11.7 percent.
Meanwhile, all other sectors posted positive growths, except for electricity and water, which declined by 0.5 percent.
Earnings of industries grew 9.9 percent in the fourth quarter of 2008, lower by 1.4 percent compared with the previous year.
Real estate posted the fastest growth for the fifth consecutive time, at 28.4 percent.
The second highest growth came from finance at 13.7 percent, decelerating from 14.9-percent in the previous year.
Trade and manufacturing also posted double-digit growths of 10.5 percent and 10.3 percent, respectively. –Darwin G. Amojelar, Manila Times
World Day for Safety and Health at Work
“Safety and health at work every day!”
Invoke Article 33 of the ILO constitution
against the military junta in Myanmar to carry out the 2021 ILO Commission of Inquiry recommendations against serious violations of Forced Labour and Freedom of Association protocols.
Accept National Unity Government
(NUG) of Myanmar.
Reject Military!
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Monthly Observances:
March – Women’s Role in History Month
April – Month of Planet Earth
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Last Week of March: Protection and Gender Fair Treatment of the Girl Child Week
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Mar 25 – International Day of Remembrance of the Victims of Slavery and the Transallantic Slave Trade
Mar 27– Earth Hour
Apr 21 – Civil Service Day
Apr 22 – World Earth Day
Apr 28 – World Day for Safety and Health at Work
