The highest labor turnover rate during the reference quarter was recorded in the services sector at 1.65 percent where accession and separation rates were at 8.68 percent and 7.04 percent, respectively. Top gainers of the sector were the financial and insurance activities at 3.72 percent and accommodation and food service activities at 3.47 percent. Only the real estate activities registered a negative labor turnover rate at 0.59 percent.

 

 

The hiring rate and termination rate for the industry sector were very close at 6.69 percent and 6.26 percent, respectively, which resulted to a 0.43 percent labor turnover rate. Among the industries under this sector, the most significant employment gain was in mining and quarrying at 10.16 percent. This was followed, albeit at a much lower rate, by water supply, sewerage waste management and remediation activities at 1.46 percent, and construction at 1.21 percent. On the other hand, negative labor turnover rates were recorded in manufacturing (0.47%) and electricity, gas, steam and air conditioning supply (0.35%).

 

Only the agriculture, forestry and fishing sector suffered a setback as it recorded a labor turnover rate of 4.61 percent given an accession rate of 1.87 percent and a separation rate of 6.48 percent.

 

 

 

 

LISA GRACE S. BERSALES, Ph.D.

(Undersecretary)

National Statistician and Civil Registrar General