Latest Stories

NSCB reports faster rise in annual workers’ pay


The annual growth of workers’ average pay in major industries was faster at 4.9 percent year-on-year in the third quarter of 2012 as growth in total compensation and gross revenue outpaced that of employment.

The National Statistical Coordination Board said in a report that the increase in the average pay from July to September was stronger than the 3.5 percent growth observed in the same period of 2011.

However, the third quarter growth in per capita compensation was slower than the 5.9 percent registered in the preceding quarter.

Based on the NSCB’s latest Quarterly Economic Indices report, the transportation and communication sector registered the highest growth in terms of average compensation at 8.5 percent year-on-year.

On the other hand, average pay in the finance sector continued its double-digit drop at 10.1 percent.

The NSCB’s QEI report is used as basis on deciding how much wages should be, as well as for economic forecasting and growth projections.

Apart from the two sectors mentioned, the QEI also covers real estate, manufacturing, electricity and water, trade, private services, mining and quarrying.

The growth in the total compensation per employee index improved along with the total gross revenue index, which revved up by 8.7 percent in the third quarter from 7.5 percent in the same quarter of 2011.

The real estate sector continued to show faster revenue growth, posting 20.1 percent. Finance and trade also showed double-digit revenue growth at 11.8 percent and 10.2 percent, respectively.

Further, growth of the total employment index was faster at 2 percent from 0.5 percent in the same quarter the previous year.

Mining and quarrying surged by 15.2 percent, turning around from the previous year’s decline of 19.9 percent. All other sectors also showed positive numbers.

Moreover, growth of the total compensation index rose to 7.1 percent from the 4.1 percent registered in 2011.

Private services performed best in terms of compensation as it doubled its growth rate to 15.5 percent.

In terms of compensation, only finance and manufacturing showed negative numbers at -8.8 percent and -0.4 percent, respectively.

Follow Us

Follow us on Facebook Follow on Twitter Follow on Twitter

Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: Business , NSCB , workers’ compensation

Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94


  • After quake, makeshift churches welcome pilgrims in Bohol
  • UN warns banana fungus spreading from Southeast Asia
  • Massive infra spending set
  • ‘No real progress in PH if dynasties not dismantled’
  • Cardinal Tagle to faithful: Join politics to clean it
  • Sports

  • Federer would skip tennis to be with wife, newborn
  • Manny Pacquiao in PBA? If so, he’ll wear No. 17
  • PSC sets Blu Girls US training
  • Power Pinoys settle for 7th place
  • Successful coaches to get raise
  • Lifestyle

  • ‘Labahita a la bacalao’
  • This is not just a farm
  • Clams and garlic, softshell crab risotto–not your usual seafood fare for Holy Week
  • Moist, extra-tender blueberry muffins
  • The truffled mac ‘n’ cheese, eggs benedict, chicken leg confit are excellent
  • Entertainment

  • Why Lucky has not bought an engagement ring for Angel
  • Derek more private with new girlfriend
  • ‘Community’ star happy with return of show’s creator
  • Jealousy is kid stuff
  • Mommy-daughter adventure continues
  • Business

  • PH presses bid to keep rice import controls
  • PSEi continues to gain
  • Number of retrenched workers rose by 42% in ’13
  • PH seen to sustain rise in FDIs
  • Gov’t subsidies to state firms fell in first 2 months
  • Technology

  • Smart phone apps and sites perfect for the Holy Week
  • Tech company: Change passwords or suffer ‘Heartbleed’
  • Filling the digital talent gap
  • SSS to shut down website for Holy Week
  • Another reason to quit social media this Holy Week: your safety
  • Opinion

  • Editorial cartoon, April 17, 2014
  • A humbler Church
  • Deepest darkness
  • ‘Agnihotra’ for Earth’s health
  • It’s the Holy Week, time to think of others
  • Global Nation

  • First Fil-Am elected to Sierra Madre, Calif. city council
  • UC Irvine cultural night to dramatize clash of values in immigrant family
  • Filipino sweets and info served at UC Berkeley Spring Fest
  • Milpitas, California kids wrap up a successful run of ‘The Wiz’
  • Netizens welcome Japan’s visa-free travel plan
  • Marketplace