THE employment outlook in the next quarter remains bright, as more companies expressed their intention to hire more employees, a survey conducted by the Bangko Sentral ng Pilipinas for the fourth quarter of 2018 shows.
According to the Business Expectations Survey, the employment outlook index for the first quarter 2019 remained positive, although lower at 21.8 percent from the last quarter’s survey at 26.3 percent.
“This suggests that more firms will continue to hire new employees than those that said otherwise, although the number of new hires could decrease compared to the previous quarter’s survey,” the Bangko Sentral said.
“Employment prospects were expected to moderate across sectors. Moreover, the percentage of businesses with expansion plans in the industry sector for the first quarter 2019 declined slightly to 36 percent from 36.1 percent a quarter ago,” it said.
The manufacturing and mining and quarrying sectors recorded stronger expansion plans, while those of the electricity, gas and water and agriculture, fishery and forestry were lower from a quarter ago.
