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!
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September –
5 Sept – Intl Day of Charity
7 Sept – Intl Day of Clean Air for Blue Skies
8 Sept – International Literacy Day
12 Sept – United Nations Day for South-South Cooperation
15 Sept – International Day of Democracy
16 Sept – International Day for the Preservation of the Ozone Layer
17 Sept – World Patient Safety Day
18 Sept – International Equal Pay Day
21 Sept – International Day of Peace
26 Sept – International Day for the Total Elimination of Nuclear Weapons
27 Sept – World Tourism Day
28 Sept – International Day for Universal Access to Information
29 Sept – International Day of Awareness of Food Loss and Waste
30 Sept – World Maritime Day
Monthly Observances:
Health, Safety and Sanitation Month
National Clean-up Month
Civil Service Month
National Peace Consciousness Month
Social Security Month
Rule of Law Month
National Teachers’ Month (Sept 5-Oct 4)
Weekly Observances:
Sept 17 – 23:
World Clean and Green Week
Week 2: Education Week
Week 4: Medicine Week
Last Week: National Family Week
Daily Observances:
Third Saturday:
International Coastal Clean-up Day
Third Monday: World Health Day
Last Friday: National Maritime Day
Sept 8: National Literacy Day
Sept 15: Philippine Medicine Day
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