THE employment outlook in the next quarter turned more bullish as companies signified their intention to hire new employees, results of the Business Expectation Survey conducted by Bangko Sentral ng Pilipinas show.
The employment index for the next quarter improved to 26.3 percent from 24.9 percent in the last quarter’s survey.
“The positive reading indicates that more firms will continue to hire new employees than those that said otherwise,” Bangko Sentral said.
The outlook of firms on their hiring intentions was more optimistic in the services and wholesale and retail trade sectors, steady in industry, but less upbeat in construction.
The percentage of businesses with expansion plans in the industry sector for the fourth quarter also rose to 36.1 percent from 34.2 percent a quarter ago.
Among sub-sectors, agriculture, fishery and forestry, electricity, gas and water, and manufacturing expressed stronger expansion plans, while those of mining and quarrying were lower from a quarter ago.