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
May –
Anti-Graft and Corruption Awareness Month
“Corruption drains the nation
and victimizes workers who build the nation.
Accountability now!”
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
May 1 – Labor Day
May 2 – World Freedom Day
May 12 – World Communication Day
May 15 – International Day of Families
May 16 – International Day of Living
Together in Peace
May 21 – World Day for Cultural Diversity
for Dialogue and Development
Monthly Observances:
The Month of the Ocean
Anti-Graft and Corruption Awareness Month
Volunteerism Month
Weekly Observances:
Week 2: Safe Motherhood Week
Daily Observances:
May 1: Labor Day
May 7: Health Worker’s Day
May 31: National Fisherfolks Day
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
