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
July 2025
Nutrition Month
“Give us much more than P50 increase
for proper nutrition!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
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July
3 July – International Day of Cooperatives
3 July – International Plastic Bag Free Day
5 July – World Youth Skills Day
7 July – Global Forgiveness Day
11 July – World Population Day
17 July – World Day for International Justice
28 July – World Nature Conservation Day
30 July – World Day against Trafficking in Persons
Monthly Observances:
Schools Safety Month
Nutrition Month
National Disaster Consciousness Month
Weekly Observances:
Week 2: Cultural Communities Week
Micro, Small, and Medium Enterprise
Development Week
Week 3: National Science and
Technology Week
National Disability Prevention and
Rehabilitation Week
July 1-7:
National Culture Consciousness Week
July 13-19:
Philippines Business Week
Week ending last Saturday of July:
Arbor Week
Daily Observances:
First Saturday of July:
International Cooperative Day
in the Philippines
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