November 2015

More teachers, construction workers lost their jobs in Q2, PSA data show by Cai Ordinario, Business Mirror, November 3, 2015

More teachers and construction workers were laid off in the second quarter of the year, according to the Philippine Statistics Authority (PSA).

Data showed that layoffs in the construction sector reached 22.81 percent, while layoffs in private education reached 10.96 percent.

Separation through layoffs in the construction sector was higher than quits, or employee-initiated separation, at only 3.94 percent.

As a result, the construction sector recorded a higher separation rate of 26.74 percent compared to an accession of only 22.24 percent.

The low accession rate may be linked to the slow uptake of construction projects in the second quarter.

PSA construction data showed that the total number of constructions from approved building permits in the second quarter of 2015 was recorded at 32,974.

This represented a growth of only 0.7 percent compared with the 32,729 constructions recorded during the same quarter of 2014.

In terms of private education, layoffs were also higher than quits which only recorded a rate of 3.17 percent.

However, despite the high rate of layoffs, the overall accession rate of 17.78 percent was still higher than the separation rate of 14.13 percent.

The onset of the K to 12 Program has forced many private colleges and universities to lay off many faculty members.

This is largely because of the expected low turnout of enrollees in tertiary education due to the addition of two more years in high school under the K to 12 Program.

Overall, the PSA reported employment growth in large enterprises in Metro Manila in the second quarter of 2015.

Employment growth for the second quarter of 2015 was posted at 1.15 percent—a modest increase compared with the less than 1-percent growth recorded a year ago at 0.88 percent.

“Positive performance recorded during the period was mainly contributed by the agriculture and services sectors offsetting the employment cutbacks in the industry sector,” the PSA said.

Data showed that the overall accession rate of 10.75 percent surpassed the total separation rate of 9.59 percent.

This resulted in a labor turnover rate or percentage point difference of 1.15 percent.

The PSA said this also means an addition of 12 workers per 1,000 employed across industries.

“[Some] 108 workers per 1,000 employed were added to the enterprise work force due to expansion or replacement, while 96 workers per 1,000 employed were laid off or quit their jobs,” the PSA said.

The data was based on the results of the Labor Turnover Survey (LTS), a quarterly sample survey of enterprises conducted by the Philippine Statistics Authority (PSA) since the third quarter of 2002.

The survey aims to capture “job creations” and “job displacements” in large business enterprises based in Metro Manila by collecting quarterly data on accessions and separations of workers.

A total of 921 enterprises served as respondents to the Second Quarter 2015 Labor Turnover Survey.

The sample enterprises were drawn from the 2013 NCR List of Enterprises of the PSA, which was updated by the 2013 LTS sampling frame. The retrieval rate for this quarter was placed at 99.2 percent.[/su_expand]

October 2015

September 2015

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