The number of jobs among the top large enterprises in Metro Manila grew in the third quarter of 2011 as the rate of hiring outpaced the rate of job loss, according to the Bureau of Labor and Employment Statistics.
Latest data from the BLES show that every 1,000 workers in the National Capital Region, 111 new hires were added by 86 quit of were fired.
Job growth was largest in the sector of real estate, renting and business activities, while job loss was greatest in mining and quarrying.
The data is part of the BLES’ survey of 700 large corporations in the National Capital Region, which were drawn from the 2010 edition of the Securities and Exchange Commission’s list of “Top 25,000 corporations.”
The rate growth in employment settled at a newt of 2.51 percent, which meant 25 new workers were added for every 1,000 as hiring rate was recorded at 11.05 percent while separation rate was 8.55 percent.
Also, the net growth in employment among large firms in July to September 2011 represented a turnaround from the decline of 2.05 percent seen in the preceding quarter.
However, the figure translated to slower growth from the 4.22 percent reported in the same quarter of 2010.
Further, the survey found that large enterprises took a new employees to fill in vacated posts and to address the need for additional hands because of business expansion.
As for job displacement, quitting continued to be a bigger reason than layoffs observed in 10 of the 14 industry sectors that the study covered.
Quitting was noted to be “particularly high” in the sectors of the real estate, renting and business activities (6.6 percent); hotels and restaurants (6.3 percent); and manufacturing (6.1 percent).
Layoffs were observed to be highest in mining and quarrying (17 percent); hotels and restaurants (5.3 percent); fishing (4.2 percent); and real estate, renting and business activities (4.2 percent).
Other sector study covered included “community social and personal service,” education; construction; transport, storage and communications; financial intermediation; agriculture and forestry; health and social work; wholesale and retail trade; and electricity, gas and water.

Source: Philippine Daily Inquirer - January 21, 2012