EMPLOYMENT in major industries, particularly manufacturing and mining, fell for eight consecutive quarters in the April to June period this year, the National Statistical Coordination Board (NSCB) said. In a statement, the agency said the employment index dipped by a faster 8.8 percent in the second quarter this year compared with the 7.2-percent drop in the first quarter.
The NSCB said employment in mining and quarrying, as well as in manufacturing dropped by 31 percent and 11.7 percent, respectively.
This was followed by private services and finance, jobs in which dropped 5.9 percent and 0.3 percent, respectively.
The transportation and communication, real estate, electricity and water, as well as trade sectors, however, saw minimal growth in employment.
The NSCB also reported a decline in compensation in mining and quarrying by 23.9 percent, as well as in manufacturing by 8.9 percent; and real estate, 0.9 percent. These caused the total compensation index to drop by 1.5 percent.
However, transportation and communication, electricity and water, private services, as well as finance and trade, saw positive growth of 8.7 percent, 7.7 percent, 3.3 percent, 2.6 percent and 0.8 percent, respectively.
With employment declining faster than compensation, total compensation per employee grew by 8.1 percent, slowing down from 8.3 percent in the previous year.
Except for real estate and trade, the NSCB said all other sectors posted positive growth in compensation, led by mining and quarrying at 10.3 percent, and private services at 9.8 percent.
The total gross revenue of industries declined by 0.4 percent in the second quarter from a growth of 15 percent in the same quarter last year.
“This is the first decline of the gross revenue index,” the NSCB said.
While all other sectors posted positive growth, the NSCB said this was not enough to offset the 12-percent decline in manufacturing, its second decline in the series. –Darwin G. Amojelar, Senior Reporter, Manila Times
March –
IT’S WOMEN’S MONTH!
“Respect and support women
every day of the year/s!”
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
Monthly Observances:
Women’s Role in History Month
Weekly Observances:
Week 1: Environmental Week;
Women’s Week
Week 3: Philippine Industry and “
Made-in-the-Philippines Products Week
Last Week: Protection and Gender-Fair Treatment
of the Girl Child Week
Daily Observances:
March 8: Women’s Rights and
International Peace Day;
National Women’s Day
March 4: Employee Appreciation Day
March 15: World Consumer Rights Day
March 18: Global Recycling Day
March 21: International Day for the Elimination
of Racial Discrimination
March 23: International Day for the Right to the Truth
Concerning Gross Human Rights Violations
and for the Dignity of Victims
March 25: International Day of Remembrance of the
Victims of Slavery and the Transatlantic Slave Trade
March 27: Earth Hour
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