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Republic of the Philippines Philippine Statistics Authority JANUARY 2016 FOREWORD The Current Labor Statistics (CLS), published by the Philippine Statistics Authority (PSA), provides data users with timely, accurate and reliable data on the latest macroeconomic statistics and other related labor and employment statistics. This issue of the CLS includes the preliminary results of the October 2015 round of the Labor Force Survey (LFS). Data for July 2015 LFS were revised to exclude the province of Leyte in order to come up with an annualized data for 2015. Meanwhile, the annualized 2015 data is still not comparable with the 2014 data as the latter excludes the January survey round. Also included in this issue are data on indices of compensation per employee; minimum wage rates; consumer price index; inflation rate; purchasing power of the peso; net inward foreign investments; gross domestic product (GDP) real growth rates in selected Asian countries; inflation rates and unemployment rates in selected Asian countries; and comparative wages in Asian countries. The PSA would like to thank the agencies where the data were secured, specifically, the Bangko Sentral ng Pilipinas and the National Wages and Productivity Commission. Equally deserving of our gratitude are the various offices the PSA for their continuing support to this publication. PHILIPPINE STATISTICS AUTHORITY January 15, 2016 DATA HIGHLIGHTS Preliminary results of the October 2015 Labor Force Survey (LFS) of the Philippine Statistics Authority, which excludes data for the province of Leyte, showed that the number of employed persons went up by 163,000 to total 39.0 million from 38.837 million a year ago. Employment rate stood at 94.3% relative to October 2014 rate 94.0%. The increase in employment mostly came from the services sector (440,000 or 2.11%) and the industry sector (170,000 or 2.8%). The combined increments posted by both sectors managed to negate the decrement suffered by the agriculture sector (-445,000 or 3.7%). The decline in agricultural employment can be attributed to the dry spell/drought experienced in several parts of the country due to El Niño which was predicted to be at its peak in the last quarter of 2015 to the first two months of 2016 according to PAGASA’s El Niño Advisory No. 10. The growth in services sector employment was mainly from the wholesale and retail trade; repair of motor vehicles and motorcycles (185,000), public administration and defense; compulsory social security (148,000) and the administrative and support service activities (89,000). Meanwhile, the boost in industry sector employment primarily came from construction (144,000). By region, substantial increases in number of employed persons were recorded in Region VII (123,000 or 4.0%), Region V (69,000 or 3.0%) and Region III (47,000 or 1.1%). Meanwhile, ARMM and Region X suffered declines of 5.0% (-66,000) and 2.7% (-56,000), respectively. On a more positive note, the gain in employment was accompanied by an expansion in full time employment by 2.8% (691,000) during the period while part-time workers declined by 434,000 (-3.2%). Further, the number of wage and salary workers went up by 573,000 (2.5%) while unpaid family workers and self-employed workers exhibited declines of 9.2% (-385,000) and 1.1% (-123,000), respectively. Also, the proportion of persons in vulnerable employment (the sum of self-employed and unpaid family workers) to total employed slightly improved at 37.5% from 39.0% last year. Moreover, contractions in the number of unemployed persons by 137,000 (2.345 million vs. 2.482 million) and workers wanting additional hours of work or the underemployed by 412,000 (6.866 million vs. 7.278 million) were observed during the reference period. Bulk of the decrease in the number of underemployed persons came from those working less than 40 hours per week and still wanting additional hours of work or the visibly underemployed (-334,000). Unemployment rate consequently went down to 5.7% from 6.0%, while the underemployment rate slid down to 17.6% from 18.7% in October 2014. By demographic characteristics, substantial proportion of the unemployed persons were those in age group 15 – 24 years old (48.2%), men (63.2%) and those with high school education (43.6%). Unemployment rates for the youth stood at 13.6% while the men was registered at 5.9%, both lower than their respective unemployment rates of 14.2% and 6.4% in October 2014. By region, the highest unemployment rate was recorded in Region I at 8.5% followed by Region IV-A at 7.8%, both recording higher rates than the NCR (7.2%). NCR usually posts the highest unemployment rate among regions. The lowest rate was in Region XII at 2.4%. The size of the labor force was estimated at 41.345 million, slightly higher by 26,000 than the October 2014 figure of 41.319. This translates to a labor force participation rate (LFPR) of 63.4% October 2015, slightly lower than the 64.3% LFPR last year. From among regions, only workers from Region I – Ilocos Region were provided with an increase in the minimum wage in the amount of P7.00 specifically for those employed in micro non-agriculture industries and non-plantation agriculture industries based on the second tranche of Wage Order No. RB1-17 effective December 1, 2015. The Consumer Price Index (CPI) for December 2015 reached 142.6 index points, 2.1 index points higher compared to the 140.5 index points during the same period last year. The inflation rate for the period went down to 1.5% compared to previous year’s inflation rate of 2.7%. Regional inflation rates were high in Caraga (2.6%); and Region II, Region VI and ARMM (all with 2.5%). Meanwhile, the purchasing power of the peso dropped slightly to P0.70 centavos compared to the same period a year ago at P0.71 centavos. The lowest purchasing power of the peso was registered in Caraga at P0.62 centavos. Net inward foreign investments registered with the Bangko Sentral ng Pilipinas (BSP) amounted to US$166 million in the third quarter of 2015. While net foreign direct investments posted an increase of +US$1,068 million, net foreign portfolio investments recorded a loss of -US$2,991 million compared with the same period last year. TABLE OF CONTENTS FOREWORD i DATA HIGHLIGHTS ii PART I. MACROECONOMIC LABOR AND EMPLOYMENT STATISTICS Table 1 Millennium Development Goals Indicators on Employment, Philippines: 1997 - 2014 3 2 Household Population 15 Years Old and Over and Employment Status, Philippines: 2013 - October 2015 4 3 Household Population 15 Years Old and Over and Employment Status by Sex, Philippines: 2013 - October 2015 5 4 Household Population 15 Years Old and Over and Employment Status by Region, Philippines: 2013 - October 2015 6 5 Employed Persons by Major Industry Group, Philippines: 2013 - October 2015 12 6 Employed Persons by Major Occupation Group, Philippines: 2013 - October 2015 13 7 Employed Persons by Class of Worker, Philippines: 2013 - October 2015 14 8 Employed Persons by Number of Hours Worked Per Week, Philippines: 2013 - October 2015 15 9 Employed Persons by Sex, Age Group and Highest Grade Completed, Philippines: 2013 - October 2015 16 10 Unemployed Persons by Sex, Age Group and Highest Grade Completed, Philippines: 2013 - October 2015 17 11 Youth (15 - 24 and 15 - 30 Years Old) Household Population and Employment Status by Sex, Philippines: 2013 - October 2015 18 12 Employed and Unemployed Youth (15 - 24 and 15 - 30 Years Old) by Highest Grade Completed, Philippines: 2013 - April 2015 19 13 Working Children (5 - 17 Years Old) by Age Group and Sex, Philippines: 2013 - April 2015 21 14 Indices of Employment in Non-Agricultural Industries by Major Industry Group, Philippines: 2013 - Second Quarter 2015 22 15 Labor Turnover Rates by Quarter, National Capital Region: First Quarter 2013 - Second Quarter 2015 23 16 Labor Turnover Rates by Major Industry Group, National Capital Region: First Quarter 2013 - Second Quarter 2015 24 17 Average Daily Basic Pay of Wage and Salary Workers by Region, Philippines: 2013 - April 2015 25 18 Average Daily Basic Pay of Wage and Salary Workers by Major Industry Group, Philippines: 2013 - April 2015 26 19 Average Daily Basic Pay of Wage and Salary Workers by Major Occupation Group, Philippines: 2013 - April 2015 27 20 Average Daily Basic Pay of Wage and Salary Workers, Philippines: 2013 - April 2015 28 21 Minimum Wage Rates by Sector and Region, Philippines: As of January 11, 2016 29 22 Agricultural Wage Rates of Farm Workers, Philippines: 2012 - 2014 36 23 Indices of Compensation Per Employee in Non-Agricultural Industries by Major Industry Group, Philippines: 2013 - Second Quarter 2015 37 24 Exchange Rate, Consumer Price Index and Inflation Rate, Philippines: 2013 - December 2015 38 25 Purchasing Power of Peso, Philippines: 2013 - December 2015 39 26 Gross National Income and Gross Domestic Product by Quarter, Philippines: 2013 - Third Quarter 2015 40 27 Net Inward Foreign Investments by Type (BOP Concept), Philippines: 2013 - Third Quarter 2015 40 28 Labor Productivity and Growth Rates by Sector, Philippines: 2012 - 2014 41 29 Labor Productivity and Growth Rates by Region, Philippines: 2012- 2014 41 30 Gross Regional Domestic Product, Philippines: 2012 - 2014 42 PART II. RELATED LABOR AND EMPLOYMENT STATISTICS 31 Number of Establishments by Region and Employment Size, Philippines: 2014 43 32 Establishments' Employment by Region and Employment Size, Philippines: 2014 44 33 Number of Establishments by Major Industry Group/Sector and Employment Size, Philippines:
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