Friday, May 25, 2018
The Labor Turnover Survey (LTS) is 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 business enterprises based in Metro Manila by collecting quarterly data on accessions and separations of workers.
A total of 1,372 enterprises served as respondents to the Fourth Quarter 2017 Labor Turnover Survey. The sample enterprises were drawn from the 2016 List of Enterprises.The retrieval rate for this quarter was placed at 98.8 percent.
Employment continued to expand in 4th Quarter 2017
- Employment growth in large enterprises located in Metro Manila remained positive in the fourth quarter of 2017. This was generally driven by the performance of both the industry and services sectors that offset the decline posted in the agriculture, forestry and fishing sector.
- Measured in terms of percent difference between accession rate and separation rate, employment growth for the period at 1.38 percent (Table 1), slightly surpassed the growth registered in the 3rd quarter at 1.10 percent.
- On a year-on-year basis, this figure represents a setback in employment growth from the 3.36 percent rate posted in the same period in 2016. This can be attributed to the declines in labor turnover rate registered in agriculture, forestry and fishing sector since the third quarter of 2017.
Fourteen per 1,000 employed were added in enterprises workforce
- Specifically, overall accession rate (8.27%) exceeded separation rate (6.88%) or a labor turnover rate of 1.38 percent. This implies an addition of 14 workers per 1,000 employed.
Services sector led in employment gains
- Among the major sectors, the services sector posted the highest employment growth at 1.65 percent. Almost all industries under the said sector registered positive labor turnover rates except for real estate activities (-0.59%). Highest growth was recorded in financial and insurance activities (3.72%), followed by accommodation and food services activities (3.47%) (Table 2).
- Other gains in employment occurred in wholesale and retail trade, repair of motor vehicles, motorcycles (1.76%); information and communication (1.39%); administrative and support service activities (1.26%); transportation and storage (1.20%); and professional, scientific and technical activities (1.18%).
- Minimal growths at less than one percent were recorded in the rest of the industries.