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Labor turnover rate grows nearly 2% in first quarter

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Employment among firms grew by 1.94% in the first quarter of 2018, results of the Philippine Statistics Authority’s first nationwide Labor Turnover Survey showed.

This means that for every 1,000 persons employed, 19 people were added to the workforce on a net basis during the quarter.

The labor turnover rate is the difference between the rate of accession or hiring and the rate of separation or job termination or resignation.

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