Philippines: Strong job growth

Labour growth in the national capital region stood at 3.36% in Q4 2016, up from 0.62 in the equivalent period a year earlier. Although 7.79% of workers left their jobs during the quarter, the accession rate was 11.14%. The improvement was particularly important in industry where contraction in Q4 2015 (-0.92%) turned into 1.7% growth. The greatest expansion, however, was in the service sector where employment in the wholesale and retail sector increased by a remarkable 11.49% in Q4 2016.

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