vol. 2 no. 4 march 2013 demand and supply of workers from ... · kets. for the local demand, the...

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DEPARTMENT OF LABOR AND EMPLOYMENT Vol. 2 No. 4 Demand and Supply of Workers from DOLE Administrative Records: Fourth Quarter 2012 In the last quarter of 2012, figures indicating the demand for workers showed divergent trends for the local and overseas mar- kets. For the local demand, the number of job vacancies posted on the Phil-JobNet was 67.1% higher than the figure in the same quarter in the previous year. On the other hand, overseas demand for workers based on the approved job orders of the Philippine Overseas Employment Administration (POEA) was lower by 23.3% compared to the 4th quarter 2011 data. Labor supply, in terms of data on the registered applicants on the Phil-JobNet, number of workers assessed and certified by the Technical Education and Skills Development Authority (TESDA), and number of seafarers trained and training certificates issued by the National Maritime Polytechnic (NMP) remained the same as that of the previous year, indicated improvement in the 4th quarter of 2012 as compared to the records in the same quarter of previous year. However, it can be noted that the number of graduates of Overseas Workers Welfare Administration (OWWA) programs and services on education and training has de- creased compared from the data in the same quarter in 2011. In terms of the overall business activity, the Bangko Sentral ng Pilipinas (BSP) reported a confidence index (CI) of 49.5% in 4th quarter 2012 which is higher by 5% compared to the CI in the 3rd quarter. This indicated that more firms and businesses were more optimistic about the country’s economic prospects compared to the previous quarter. I. MANPOWER DEMAND I. MANPOWER DEMAND A. Vacancies on Phil-JobNet During the last quarter of 2012, the average number of vacancies in major occupational groups posted at Phil-JobNet accounted to 134,836 which is 67.1% higher than that of the same quarter of 2011. The top five (5) occupations with high number of vacancies posted were for Clerks (22.1%); followed by Service Workers and Shop and Market Sales Workers (21.3%); Technicians and Associate Professional (16.5%); Profes- sionals (13.6%); and Laborers and Unskilled Workers (12.1%). Meanwhile the rest of the major occupational group posted a single-digit share of the vacancies for the given period. www.phil-job.net The Labor Market Monitor is a quarterly publication of the Bureau of Local Employment (BLE) that tracks the changes in the supply and demand for professionals, skilled and unskilled workers as viewed from administrative data generated by DOLE agencies involved in skills training and certification, professional regulation, employment facilitation, and overseas employment. This is a collaborative undertaking of the DOLE family of agencies (TESDA, POEA, OWWA, PRC, MTC, ILAB, BLES, and BLE), to integrate in one publication key performance indicators on labor market supply and demand. It also captures critical and emerging occupa- tions for the purpose of labor market signaling and as basis for timely and meaningful policy and program interventions. March 2013 TABLE 1 - Job Vacancies by Major Occupational Group: 4th Quarter 2012 Major Occupational Group Major Occupational Group Ave. No. of Ave. No. of Vacancies Vacancies % Share % Share Clerks 29,845 22.1 Service Workers and Shop and Market Sales Workers 28,778 21.3 Technicians and Associate Professionals 22,305 16.5 Professionals 18,328 13.6 Laborers and Unskilled Workers 16,298 12.1 Trade and Related Workers 9,351 6.9 Officials of Government and Special-Interest Organizations, Corporate Executives, Managers, Managing Proprie- tors and Supervisors 4,980 3.7 Plant and Machine Operators and Assemblers 4,455 3.3 Special Occupations 405 0.3 Farmers, Forestry Workers and Fishermen 91 0.1 TOTAL 134,836 100.00 Source: DOLE-BLE Phil-JobNet System Database.

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Page 1: Vol. 2 No. 4 March 2013 Demand and Supply of Workers from ... · kets. For the local demand, the number of job vacancies posted on the Phil-JobNet was 67.1% higher than the figure

DEPARTMENT OF LABOR AND EMPLOYMENT

Vol. 2 No. 4

Demand and Supply of Workers from DOLE Administrative Records: Fourth Quarter 2012

In the last quarter of 2012, figures indicating the demand for workers showed divergent trends for the local and overseas mar-

kets. For the local demand, the number of job vacancies posted on the Phil-JobNet was 67.1% higher than the figure in the

same quarter in the previous year. On the other hand, overseas demand for workers based on the approved job orders of the

Philippine Overseas Employment Administration (POEA) was lower by 23.3% compared to the 4th quarter 2011 data.

Labor supply, in terms of data on the registered applicants on the Phil-JobNet, number of workers assessed and certified by the

Technical Education and Skills Development Authority (TESDA), and number of seafarers trained and training certificates issued

by the National Maritime Polytechnic (NMP) remained the same as that of the previous year, indicated improvement in the 4th

quarter of 2012 as compared to the records in the same quarter of previous year. However, it can be noted that the number

of graduates of Overseas Workers Welfare Administration (OWWA) programs and services on education and training has de-

creased compared from the data in the same quarter in 2011.

In terms of the overall business activity, the Bangko Sentral ng Pilipinas (BSP) reported a confidence index (CI) of 49.5% in 4th

quarter 2012 which is higher by 5% compared to the CI in the 3rd quarter. This indicated that more firms and businesses were

more optimistic about the country’s economic prospects compared to the previous quarter.

I. MANPOWER DEMANDI. MANPOWER DEMAND

A. Vacancies on Phil-JobNet

During the last quarter of 2012, the average number of

vacancies in major occupational groups posted at

Phil-JobNet accounted to 134,836 which is 67.1%

higher than that of the same quarter of 2011. The top

five (5) occupations with high number of vacancies

posted were for Clerks (22.1%); followed by Service

Workers and Shop and Market Sales Workers (21.3%);

Technicians and Associate Professional (16.5%); Profes-

sionals (13.6%); and Laborers and Unskilled Workers

(12.1%). Meanwhile the rest of the major occupational

group posted a single-digit share of the vacancies for

the given period.

www.phil-job.net

The Labor Market Monitor is a quarterly publication of the Bureau of Local Employment (BLE) that tracks the changes in the supply and demand for professionals,

skilled and unskilled workers as viewed from administrative data generated by DOLE agencies involved in skills training and certification, professional regulation,

employment facilitation, and overseas employment. This is a collaborative undertaking of the DOLE family of agencies (TESDA, POEA, OWWA, PRC, MTC, ILAB,

BLES, and BLE), to integrate in one publication key performance indicators on labor market supply and demand. It also captures critical and emerging occupa-

tions for the purpose of labor market signaling and as basis for timely and meaningful policy and program interventions.

March 2013

TABLE 1 - Job Vacancies by Major Occupational

Group: 4th Quarter 2012

Major Occupational GroupMajor Occupational Group Ave. No. of Ave. No. of

VacanciesVacancies % Share% Share

Clerks 29,845 22.1

Service Workers and Shop and

Market Sales Workers 28,778 21.3

Technicians and Associate

Professionals 22,305 16.5

Professionals 18,328 13.6

Laborers and Unskilled Workers 16,298 12.1

Trade and Related Workers 9,351 6.9

Officials of Government and

Special-Interest Organizations,

Corporate Executives,

Managers, Managing Proprie-

tors and Supervisors

4,980 3.7

Plant and Machine Operators

and Assemblers 4,455 3.3

Special Occupations 405 0.3

Farmers, Forestry Workers and

Fishermen 91 0.1

TOTAL 134,836 100.00

Source: DOLE-BLE Phil-JobNet System Database.

Page 2: Vol. 2 No. 4 March 2013 Demand and Supply of Workers from ... · kets. For the local demand, the number of job vacancies posted on the Phil-JobNet was 67.1% higher than the figure

LABOR MARKET MONITOR - FOURTH QUARTER 2012

Most of the top occupations are Clerks, Service Work-

ers, and Shop and Market Sales Workers. Job openings

were also evidently high in the Business Process Out-

sourcing Industry.

Call Center Agents consistently top the list of most in-

demand occupations on Phil-JobNet for more than

three years. In 4th quarter 2012, one out of ten (9.5%)

local vacancies was for Call Center Agents.

B. Overseas Demand Based on

Approved Job Orders

Demand for Land-Based Workers

A total of 122,775 active job orders for land-based

workers abroad were approved by the POEA on the

4th quarter of 2012, registering a decrease of 23.3% or

37,391 job orders as compared to the 4th quarter 2011

data of 160,166 approved job orders. Almost half of

the job orders were for Service Workers (47.2%).

TABLE 3 - Approved Job Orders by Major Skills Group:

4th Quarter 2012

Of the total job orders, less than half or 41.9% (328,013)

were processed leaving 58.1% (454,238) of the total

job orders to be unfilled.

FIGURE 1 - Total Vacancies Posted by Location of

Deployment: 4th Quarter 2012

During the 4th quarter of 2012, nine out of ten of the

job postings on the Phil-JobNet were for local employ-

ment (90.8%). Whereas less than 10% were for overseas

deployment.

Below is Table 2 that shows the top ten occupations in

terms of number of job openings posted on the Phil-

JobNet by different employers in the last quarter of

2012. These ten occupations account for 38.3% of the

total job vacancies.

TABLE 2 - Top 10 Occupations with Most Vacancies

Posted on Phil-JobNet: 4th Quarter 2012

Source: DOLE-BLE Phil-JobNet System Database.

LocationLocation Number of Number of

VacanciesVacancies % Share% Share

Local 122,431 90.8

Overseas 12,405 9.2

TOTAL 134,836 100.0

Source: DOLE-BLE Phil-JobNet System Database.

Major SkillMajor Skill Number of Number of

Job OrdersJob Orders % Share% Share

Service Workers 57,975 47.2

Production and Related

Workers Transport Equipment 36,567 29.8

Professional Technical and

Related Workers 19,263 15.7

Clerical and Related

Workers 3,891 3.2

Sales Workers 2,230 1.8

Agricultural Animal Hus-

bandry and Forestry Workers 859 0.7

Administrative and

Managerial Workers 590 0.5

Others (NEC) 1,400 1.1

TOTAL 122,775 100.0

NEC - not elsewhere classified.

Source: POEA.

Local

90.8%

Overseas

9.2%

OccupationOccupation Number of VacanciesNumber of Vacancies

TotalTotal LocalLocal OverseasOverseas

Call Center Agent 11,570 11,570 0

Salesman / Saleslady 9,910 9,609 301

Technical Support Staff 4,015 4,015 0

Salesclerk 5,117 5,051 66

Service Crew 4,042 3,904 138

Cashier 3,969 3,817 152

Production Worker / Factory

Worker 3,706 3,661 45

Driver 2,749 2,486 263

Customer Service Assistant 2,477 2,427 50

Product Specialist 4,144 4,144 0

Page 3: Vol. 2 No. 4 March 2013 Demand and Supply of Workers from ... · kets. For the local demand, the number of job vacancies posted on the Phil-JobNet was 67.1% higher than the figure

Among the unfilled job orders, the following were on

top of the list:

TABLE 4 - Top 10 Occupations with Most

Unfilled Job Orders: 4th Quarter 2012

These top 10 skills already represent almost three-

tenths of the total unfilled job orders for the last quar-

ter of 2012. The highest of which was for Domestic

Helpers and Other Related Household Workers ac-

counting to 10.3% of the total unfilled job orders.

Most of the job orders came from countries in the Mid-

dle East region as well as other Asian countries like

Hong Kong, Singapore, Malaysia, and Taiwan.

Demand for Sea-Based Workers

In 2011, there were a total of 369,104 sea-based work-

ers deployed. This figure registered a 6.3% growth from

2010 record of 347,150. Majority of these were de-

ployed as Able Seamen, Oilers, Ordinary Seamen,

Chief Cooks, Second Mates, Bosuns, Third Engineer

Officers, Messmen, Third Mates and Second Engineer

Officers.

C. Prospective Overseas Demand

Based on POLO Intelligence

Reports

The Philippine Overseas Labor Offices (POLOs)

reported a continuous demand for Overseas Filipino

Workers (OFWs) in the Middle East Region, particularly

in the construction and service sectors. The skills

requirements in the said foreign markets remained

relatively the same with the previous year.

TABLE 5 - Prospective Overseas Requirements for 2012

Major Occu-Major Occu-

pational pational

CategoryCategory

Industry/Sector/Skills Industry/Sector/Skills

RequirementRequirement Countries of Countries of

DestinationDestination

Administrative

and Manage-

rial workers

Assistant manager,

general manager,

project manager

(construction),

operations manager,

production manager

United Arab

Emirates, Papua

New Guinea,

Saudi Arabia, Ku-

wait, Qatar,

Oman, Singapore,

Bahrain, Malaysia

Agricultural

Animal

Husbandry

and Forestry

Workers

Nursery worker and

gardener, general farm

worker, specialized

farmer, husbandry

agricultural and animal

worker

Japan, Saudi

Arabia, United

Arab Emirates, Ma-

laysia, Cyprus,

Qatar, Canada,

Oman, New Zea-

land, Australia

Clerical and

related work-

ers

Clerk, Receptionist,

travel agency clerk,

bookkeeper, cashier,

stock clerk, stenogra-

phers typist and tele-

typist, filing clerk, ma-

chine operator auto-

matic/electronic data

processor

United Arab Emir-

ates, Kuwait, Saudi

Arabia, Qatar,

Bahrain, Oman,

Macau, Malaysia,

Singapore

Production

and related

workers

Wireman electrical,

plumber and pipefitter,

welder and flame

cutter, laborer/helper

general, carpenter

joiners and parquetry

worker, machine fitter,

machine assembler,

precision instrument

maker, production

supervisor, general fore-

man, operator earth-

moving and related

machinery, structural

and metal preparer and

erector, bricklayer,

mason and tile setter,

driver motor-vehicle,

construction worker,

rigger and cable splicer

Saudi Arabia,

United Arab Emir-

ates, Qatar,

Taiwan, Kuwait,

Papua New

Guinea, Australia,

Canada, Malaysia,

Singapore, Japan,

Oman, Bahrain,

Brunei, Angola,

East Timor, Guam,

Iran, Libya,

Equatorial Guinea,

Sri Lanka, Eritrea,

New Caledonia

www.poea.gov.ph

Occupation/SkillOccupation/Skill Number of Number of

Unfilled Job Unfilled Job

OrdersOrders

Domestic Helpers and Related Household

Workers 12,636

Supervisor Production and General Foremen 6,496

Plumbers and Pipe Fitters 4,130

Production and Related Workers (NEC) 3,210

Professional Nurses 3,128

Waiters Bartenders and Related Workers 2,268

Cooks and Related Workers 1,796

Wiremen Electrical 1,734

Welders and Flame-Cutters 1,182

Charworkers Cleaners and Related Workers 825

NEC - not elsewhere classified.

Source: POEA.

LABOR MARKET MONITOR - FOURTH QUARTER 2012

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Prospective Overseas Requirements (cont’d)

Major Oc-Major Oc-

cupational cupational

CategoryCategory

Industry/Sector/Skills Industry/Sector/Skills

RequirementRequirement Countries of Countries of

DestinationDestination

Professional,

Technical

and related

workers

Professional Nurse,

electrical and elec-

tronic engineering tech-

nician, mechanical

engineering technician,

physiotherapist, occu-

pational therapist, elec-

trical and electronic

engineer, medical den-

tal and veterinary re-

lated worker, civil engi-

neer, mechanical tech-

nician, teacher, medi-

cal x-ray technician,

surveyor, geodetic engi-

neer, metallurgical

technician

Saudi Arabia,

United Arab

Emirates, Qatar,

Libya, Kuwait, Sin-

gapore, United

States, Malaysia,

Oman, Bahrain,

South Korea,

Papua New

Guinea, Japan,

Australia, Hong

Kong, Taiwan,

Brunei

Sales and

related work-

ers

Salesman shop assistant

and demonstrator, sales

worker (nec), buyer,

salesman business ser-

vice, salesman techni-

cal and service adviser,

sales manager, sales

supervisor, street vendor

and canvasser, news

vendor, insurance real

estate securities busi-

ness services salesman,

salesman technical

commercial traveler

United Arab

Emirates, Kuwait,

Qatar, Saudi

Arabia, Oman,

Bahrain,

Singapore, Jordan,

Malaysia, Austra-

lia, Papua New

Guinea

Service and

related

workers

Domestic helper and

related household work-

ers, waiters bartender

and related worker,

charworker cleaner and

related worker, cook

and related worker,

service worker, care-

giver and caretaker,

housekeeping and

related service worker,

protective service

worker (NEC), hair

dresser, barber and re-

lated worker, cook,

waiter, bartender and

related worker, care-

taker building, supervi-

sor housekeeping and

related services

United Arab

Emirates, Kuwait,

Qatar, Hong Kong,

Saudi Arabia,

Singapore,

Malaysia, Bahrain,

Oman, Cyprus,

Taiwan, Brunei,

Jordan, Israel,

Canada

Note: NEC - not elsewhere classified.

Sources: POLOs and POEA.

II.II. MANPOWER SUPPLYMANPOWER SUPPLY

A. Registered Professionals

As of December 2012, a cumulative total of 3,489,278

professionals registered at the Professional Regulatory

Commission (PRC), distributed among 75 types of pro-

fessions.

The top 10 professions were listed in the table below.

TABLE 6 - Top 10 Professions with Most Registrants

at PRC: As of December 2012

As of December 2012, Professional Teachers had the

most number of registrants, following at second place

were the Nurses. The shared total of the two said pro-

fessions already accounted to more than half of the

total number of registered professionals as of the 4th

quarter of 2012. Also included in the top 10 list were

other health-related professions (i.e., Midwife and Phy-

sician), Engineering Professions (i.e., Civil and Me-

chanical), Maritime Professions (i.e., Marine Deck and

Marine Engineer Officers), Accountant, and Criminolo-

gist.

LABOR MARKET MONITOR - FOURTH QUARTER 2012

www.prc.gov.ph

ProfessionProfession Number of Number of

Registered Registered

ProfessionalsProfessionals % Share% Share

Professional Teachers 1,169,160 33.5

Nurse 781,289 22.4

Midwife 170,818 4.9

Accountancy 148,999 4.3

Civil Engineer 126,000 3.6

Physician 115,789 3.3

Mechanical Engineer 80,680 2.3

Marine Deck Officers 80,119 2.3

Criminologist 75,263 2.2

Marine Engineer Officers 63,756 1.8

Source: PRC.

Page 5: Vol. 2 No. 4 March 2013 Demand and Supply of Workers from ... · kets. For the local demand, the number of job vacancies posted on the Phil-JobNet was 67.1% higher than the figure

www.phil-job.net

B. Applicants Registered on

Phil-JobNet

The average number of applicants registered on the

Phil-JobNet in the last quarter of 2012 is 8,184 which is

8.8% higher than the corresponding data in 4th quar-

ter of 2011.

Phil-JobNet registrants were mostly Service Workers

and Shop and Market Sales Workers (24.0%), Clerks

(21.7%), Laborers and Unskilled Workers (17.2%) and

Professionals (13.3%) making up to more than three-

fourths of the total registrants.

TABLE 7 - Phil-JobNet Registered Applicants

by Major Skill: 4th Quarter 2012

The list of the top ten specific occupations in terms of

the average number of registered applicants which

accounted for of the total registrants in 4th quarter of

2012 is shown in Table 8.

TABLE 8 - Top 10 Occupations of Registrants on

Phil-JobNet : 4th Quarter 2012

C. TESDA Assessed and Certified

Workers For the 4th quarter of 2012, TESDA has assessed and

certified 270,297 and 239,074 workers respectively,

with an overall certification rate of 88.4%.

Below are the top 10 sectors with most assessed work-

ers and their corresponding certification rate.

TABLE 9 - Top 10 Sectors with Most Assessed Workers

vis-à-vis Certification Rate: 4th Quarter 2012

www.tesda.gov.ph

Major Skill/Occupational GroupMajor Skill/Occupational Group Ave. No. of Ave. No. of

Registered Registered

Applicants Applicants % Share % Share

Service Workers and Shop and

Market Sales Workers 1,962 24.0

Clerks 1,774 21.7

Laborers and Unskilled Workers 1,407 17.2

Professionals 1,086 13.3

Technicians and Associate

Professionals 596 7.3

Trade and Related Workers 587 7.2

Plant and Machine Operators and

Assemblers 467 5.7

Officials of Government and

Special-Interest Organizations,

Corporate Executives, Managers,

Managing Proprietors and

Supervisors

282 3.4

Farmers, Forestry Workers and

Fishermen 19 0.2

Special Occupations 4 0.05

TOTAL 8,184 100.0

Source: DOLE-BLE Phil-JobNet System Database.

SectorSector AssessedAssessed CertifiedCertified Certification Certification

RateRate

Tourism 85,199 74,472 87.4

Health, Social & Other

Community Develop-

ment Services

70,485 65,869 93.5

Automotive 32,831 29,525 89.9

Construction 15,786 13,959 88.4

Metals and

Engineering 15,443 13,329 86.3

Maritime 14,894 13,294 89.3

ICT 14,751 11,013 74.7

Electronics 11,915 8,761 73.5

Processed Foods 3,466 3,253 93.9

Agri-Fisheries 2,858 2,562 89.6

Source: TESDA.

OccupationOccupation Number of Number of

RegistrantsRegistrants

Sales Clerk 460

Production Worker/Factory Worker 414

Service Crew 394

Cashier 380

Salesman / Saleslady 269

Professional Nurse 265

Office Clerk 201

Production Machine Operator 189

Data Encoder 183

Waiter / Waitress 149

Source: DOLE-BLE Phil-JobNet Database.

LABOR MARKET MONITOR - FOURTH QUARTER 2012

Page 6: Vol. 2 No. 4 March 2013 Demand and Supply of Workers from ... · kets. For the local demand, the number of job vacancies posted on the Phil-JobNet was 67.1% higher than the figure

The Tourism sector topped the list with 85,199 assessed

workers and 74,472 certified workers with a corre-

sponding certification rate of 87.4%. Programs included

in this sector are Food and Beverage Services, House-

keeping, Commercial Cooking and Bartending, among

others.

D. Graduates of OWWA Programs and

Services on Education and Training

In the 4th quarter of 2012, a total of 49,420 beneficiar-

ies graduated under education and training programs

offered by the OWWA, registering a 25.7 decrease from

the number of graduates in the same period in 2011.

TABLE 10 - Number of Graduates on Education & Training

Programs: 4th Quarter 2012

Majority of the graduates have graduated in

Short-Term Training courses particularly on Lan-

guage and Cultural Familiarization. On the other

hand, there are 63 beneficiaries who earned their

degrees through OWWA scholarship grants.

E. Maritime Training Courses

In the last quarter of 2012, there were a total of 1,962

seafarers trained and 4,428 training certificates issued

to Filipino merchant marine officers, ratings, cadets,

maritime faculties, trainers, and other personnel in the

maritime industry. Included in these training courses

were Standards of Training, Certification and Watch-

keeping (STCW) Courses (Deck, Engine, Radio Com-

munication, Passenger and Tanker Courses, and

Safety, Security & Medical Courses), Environmental

Protection & Maritime Allied Courses, Professional De-

velopment Courses, and Faculty Development

Courses.

TABLE 11 - Number of Training Certificates Issued by

National Maritime Polytechnic: 4th Quarter 2012

For the whole year 2012, NMP reported totals of 9,230

seafarers trained and 20,317 certificates issued.

www.owwa.gov.ph

www.mtc.gov.ph

Program/Activity Program/Activity Accomplishment Accomplishment

1. Conduct of Marine Training

Courses

4,428 training certificates

issued

2. Number of seafarers/trainees 1,962 seafarers trained

Source: NMP.

www.nmp.gov.ph

Program/ServiceProgram/Service No. of No. of

GraduatesGraduates

Short-Term Training 49,420

Skills for Employment Scholarship Pro-

gram (SESP) 781

Seafarer's Upgrading Program (SUP) 2,359

OWWA IT Program 7,516

Language & Culture Familiarization 38,728

Degree Granting 63

Educational for Dev't Scholarship Pro-

gram (EDSP) 20

OFW Dependent Scholarship (OFWDSP) 6

Education and Livelihood Assistance

for children and surviving spouse/next-

of-kin (NOK) of deceased OFWs

15

Congressional Migrant Workers Schol-

arship Program 22

Total Graduates 49,483

Source: OWWA.

LABOR MARKET MONITOR - FOURTH QUARTER 2012

Page 7: Vol. 2 No. 4 March 2013 Demand and Supply of Workers from ... · kets. For the local demand, the number of job vacancies posted on the Phil-JobNet was 67.1% higher than the figure

F. Business Expectation Survey (BES) (Confidence Index (CI) for 4th Quarter 2012 and

Outlook for 1st Quarter 2013)

The BES is conducted by the BSP to determine busi-

nesses’ outlook on the economy based on the CI

which is computed as the percentage of firms that

responded in the affirmative less the percentage of

firms that answered in the negative with respect to

their views on a given indicator.

The overall CI in the 4th quarter of 2012 rose to 49.5%

from the 44.5% CI in the 3rd quarter. This optimism was

attributed to low interest rates, strong foreign invest-

ment inflows, steady overseas remittances, raised

growth forecasts, and stable peso outlook.

FIGURE 2 - Overall Business Confidence Index

by Quarter: 2012-2013

For the 1st quarter 2013, the business outlook turned

less optimistic, with a 43.8 percent CI which was attrib-

uted to the less sanguine expectation to the seasonal

slack in demand after the holiday season. Other rea-

sons cited by firms were the lack of supply of raw ma-

terials and low sugar prices in the world market that

affected the sentiment of firms in the industrial sector.

Technical Notes:

Averages are computed using the three

monthly figures of the reference quarter.

Details may not add up to totals due to round-

ing off.

EDITORIAL BOARDEDITORIAL BOARD

Dir. Criselda R. Sy - BLE

Dir. Noel Villaflor - TESDA

Dir. Nimfa De Guzman - POEA

Dir. Vivian Tornea - OWWA

Mr. Manuel Laopao - BLES

Ms. Ruth R. Rodriguez - BLE

TECHNICAL COMMITTEETECHNICAL COMMITTEE

Mr. Paul P. Cabatic - BLE

Ms. Rio Fe G. del Valle - BLE

CONTRIBUTORSCONTRIBUTORS

Mr. Edwinpole Divinagracia - ILAB

Ms. Ma. Elvira Ador - OWWA

Ms. Grace Marie Ayaso - NMP

Ms. Perla D. Sayana - PRC

Mr. Everos Evangelista - POEA

Mr. Gilbert Guerrero - MTC

Ms. Lourdes Castante - TESDA

For comments and/or queries, you may send an electronic mail to [email protected] or call at telephone numbers 527-2543 and

527-2539.

www.bsp.gov.ph

LABOR MARKET MONITOR - FOURTH QUARTER 2012

40.5%44.5% 42.5%

49.5% 43.8%

0.0%

20.0%

40.0%

60.0%

Q1 Q2 Q3 Q4 Q1

2012 2013

Source: BSP - BES 4th Quarter 2012.