EMPLOYMENT in Philippine industries has been declining since the second half of last year as earnings continued to fall, the National Statistical Coordination Board (NSCB) said.
The agency said total employment registered its seventh quarterly drop at 7.2 percent in the January to March period, from the 2.1-percent contraction in the same period last year.
The NSCB blamed the weak employment during the period on the 12-percent decline in manufacturing and 1.3- percent fall in the mining and quarrying sectors.
Real estate, trade, electricity and water, transportation and communication, private services and finance, on the other hand, posted minimal positive employment growth. The NSCB, however, said, “These were not enough to offset the double-digit decline in manufacturing . . . as well as the decline in mining and quarrying.”
Total compensation managed to inch up 0.2 percent in the first quarter from last year’s 7.2-percent growth.
The highest growth was recorded in mining and quarrying at 9.5 percent, followed by real estate at 9.4 percent.
Except for manufacturing and finance, wherein compensation declined by 11.3 percent and 2.7 percent, respectively, all other sectors posted positive growth.
With the decline in employment and the increase in compensation, the NSCB said the total compensation per employee rose by 8 percent.
Mining and quarrying posted the highest growth at 11 percent, followed by real estate at 5.8 percent, private services, 5.1 percent; transportation and communication, 4.7 percent; electricity and water, 4.2 percent, trade, 1.7 percent; and manufacturing, 0.8 percent.
Only finance posted a decline of 2.8 percent, the NSCB said.
Total gross revenue slowed sharply to 4.1 percent in the first quarter from 10.1 percent in the same period last year.
Trade posted the fastest and the only double-digit growth at 10 percent, followed by real estate at 6.7 percent.
Manufacturing, however, contracted 9.8 percent, its only decline in a decade of expansion.– Darwin G. Amojelar, Manila Times
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
October –
Monthly Observances:
Industry and Commerce Safety Month
National Statistics Month
Local Government Month
Consumer Welfare Month
Cooperative Month
National Quality and Productivity Improvement Month
National Health and Wellness Tourism Month
National Indigenous Peoples Month
Weekly Observances:
Week 1: Elderly Filipino Week
Week 2: National Health Education Week
Local Government Week
National Mental Health Week
October 17-23:
National Week for Overcoming Extreme Poverty
October 18 – 24:
United Nations Week
Last Week:
Nurses’ Week
Consumers’ Protection Week
Week of the 4th Sunday:
Barrio Farmers’ Week
Daily Observances:
First Monday (Oct 4): Universal Children’s Day i
n the Philippines
Oct 5: National Teachers’ Day
Oct 10: Local Government Day
Third Thursday (Oct 14): Conflict Resolution Day
Oct 21: Tenants’ Emancipation day
Oct 24: United Nations Day
Oct 29: National Indigenous People’s Thanksgiving Day
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
