MANILA, Philippines—The employment outlook index has hit a historic high, with companies planning to hire additional workers in the coming quarter as they gear up for a potential rise in consumer demand that may come along with the anticipated economic recovery.
According to the latest Business Expectation Survey, conducted by the central bank from Jan. 5 to Feb. 12, the employment outlook index reached an all-time high of +22 percent. This was a jump from the +8.7 registered in the last quarter’s survey and a reversal of the -8.2 percent recorded in the survey conducted in the first quarter of 2009.
The employment outlook index from the latest survey, which covered 1,664 companies belonging to the country’s top 7,000 corporations, means that more companies expect to hire additional workers in the second quarter.
The employment outlook index is determined by subtracting the number of respondent companies that expect to hire additional employees in the next quarter from the number of firms that do not expect to do so.
“Since many companies have a bullish outlook [on the economy and on their profitability], they are considering hiring more workers,” BSP Deputy Governor Diwa Guinigundo said Friday.
He said that employment prospects always go along with the economic and sales outlook of companies.
The survey also showed that companies that expect to expand operations in the next quarter outnumbered those that had no expansion plans, with the “expansion index” settling at +19.9 percent. –Michelle Remo, Philippine Daily Inquirer
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
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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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