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
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
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October –
Monthly Observances:
Industry and Commerce Safety Month
National Statistics Month
Local Government Month
Consumer Welfare Month
Cooperative Month
National Quality and Productivity Improvement Month
National Health and Wellness Tourism Month
National Indigenous Peoples Month
Weekly Observances:
Week 1: Elderly Filipino Week
Week 2: National Health Education Week
Local Government Week
National Mental Health Week
October 17-23:
National Week for Overcoming Extreme Poverty
October 18 – 24:
United Nations Week
Last Week:
Nurses’ Week
Consumers’ Protection Week
Week of the 4th Sunday:
Barrio Farmers’ Week
Daily Observances:
First Monday (Oct 4): Universal Children’s Day i
n the Philippines
Oct 5: National Teachers’ Day
Oct 10: Local Government Day
Third Thursday (Oct 14): Conflict Resolution Day
Oct 21: Tenants’ Emancipation day
Oct 24: United Nations Day
Oct 29: National Indigenous People’s Thanksgiving Day
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