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
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!
#WearMask #WashHands #Distancing #TakePicturesVideos
Monthly Observances:
March – Women’s Role in History Month
April – Month of Planet Earth
Weekly Observances:
Last Week of March: Protection and Gender Fair Treatment of the Girl Child Week
Last Week of April – World Immunization Week
Daily Observances:
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
