MLS2B-Group1-Unemployment.pdf

MLS 2B Group 1

Ababao, Kimberly Grace

Bernas, Kathleen June

Rabi, Mandelle

Rios, Julienne

Salamanca, Jessalyn

Unggui, Hazel

Unemployment

O Out of work, have found a job and are

waiting to start it in the next two

weeks.

O Occurs when a person who is actively

searching for employment is unable to

find work.

Unemployment O As defined by the International Labour

Organization, occurs when people are without

jobs and they have actively looked for work within

the past four weeks.

O To calculate for Unemployment Rate:

Unemployment Rate= Unemployed Workers

Total Labor Force

O This is to measure the prevalence of

unemployment.

Labor Market

O Usually an informal

market where

workers find paying

work, employers find

willing workers and

where wage rates are

determined.

Labor Market

O Is the place where workers and

employees interact with each other.

O In the labor market, employers

compete to hire the best , and the

workers compete for the best

satisfying job.

Types of Unemployment O Classical Unemployment

Occurs when real wages for a job are

set above the marketing clearing level.

O Cyclical or Keynesian Unemployment

Occurs when there is not enough

aggregate demand in the economy to

provide jobs for everyone who wants to

work.

O Frictional Unemployment

The time period between jobs when a

worker is searching for or transitioning

from one job to another.

O Structural Unemployment

Arises from technical changes in the

composition of output due to variations

in the types of products people

demand.

Cause and Effect

O Causes of Unemployment

- overpopulation

-frictional unemployment

-disability

-structural unemployment

-discrimination

-cyclical unemployment

-attitude towards employers

-willingness to work

-ability to look for employment

-rapid change of technology

-seasonal unemployment

O Effect of Unemployment

-Unemployment financial cost

-spending power -poverty

-employment gaps -stigma

-Health diseases -tension at home

-tension over taxes rises -suicide cases

-crime and violence -political issues

-standard of leaving -social outing

-lose of skills usage -recession

-insecurity amongst employees

-brings frustrations and disappointment

Solutions for Unemployment

O The very first solution for the unemployment is to control the rising population of our country. Government should motivate people to have small families.

O The quality of education should be improved.

O Also todays youth should join the institute or select the course where proper training is given and the course is as per the current industries requirements.

O Government should encourage and develop the agriculture based industries in rural areas so that the rural candidates dont migrate to the urban areas.

O Rapid Industrialization should be created.

Two types of stabilization policies:

O Monetary policy

O Fiscal policy

The solution for unemployment is to create new jobs.

DOLE set to launch Job Start Philippines in order to address youth unemployment

Philippine Government

Government Departments & Policies that help decrease the Unemployment Rate

O TESDA

O PESO

O GSIS Act of 1997 (Rule VII: Unemployment

Benefit)

STATISTICS:

Top 10 Highest Percentage Top 10 Lowest Percentage

1. Mauritania 30.9% 1. Cambodia 0.3%

2. Macedonia 29.7% 2. Qatar 0.6%

3. Reunion 29% 3. Rwanda 0.6%

4. Bosnia and

Herzegovina

28.6% 4. Thailand 0.8%

5. Greece 27.6% 5. Benin 1%

6. Lesotho 27% 6. Laos 1.4%

7. Spain 26.7% 7. Macau 1.8%

8. South Africa 25.3% 8. Vietnam 1.9%

9. Guadeloupe 23.6% 9. Bhutan 2.1%

10. Swaziland 22.9% 10. Papua New

Guinea

2.4%

Top Ten Countries with Highest and Lowest

Unemployment Rate in the World in the year 2013

Source: International Labour Organization (ILO): Global unemployment trends 2013

O In 2013, there were about 157.1 million unemployed

workers throughout the worlds developing nations.

O Among all regions, East Asia has the largest number of

unemployed workers.

O At 39.4 million, East Asia accounts for one in every four

jobless people throughout the developing world.

O The Philippines unemployment rate in 2013 was 7.3%.

O Making it the 92nd country among the highest

unemployment rate

O And the 84th country among the lowest unemployment

rate.

Top 5 in NE Asia Percentage Top 10 Lowest in

Asia

Percentage

1.Japan 4.30% 1.Cambodia 0.3%

2.Taiwan 4.16% 2.Thailand 0.8%

3.China 4.1% 3.Laos 1.4%

4.Mongolia 3.6% 4.Macau 1.7%

5.South Korea 3.2% 5.Vietnam 1.9%

6.Tajikistan 2.4%

7.Nepal 2.7%

8.South Korea 3.2%

9.Hong Kong 3.3%

10.Japan 3.6%

Source: http://www.tradingeconomics.com/country-list/unemployment-rate

Asian Countries with the Highest and Lowest Unemployment

Rates

Asia O Philippines has the highest unemployment rate

in Southeast Asia

O Philippine has been in the range between 7 and

8% since 2005

O On a global scale, Cambodia and Thailand

remain among the countries with lowest

unemployment rates

O ILO believes that the current trend for SE Asia,

at 4.3%, will remain steady up to 2017.

Philippines

Top 10 highest and lowest Unemployment's

in the Philippines Top 10 Highest Percentage Top 10 Lowest Percentage

1.NCR 10.2% 1.Region II 2.6%

2.Region IV A 8.1% 2.Region IX 2.9%

3.Region III 7.8% 3.Region XII 3.0%

4.Region I 7.6% 4.ARMM 3.6%

5.Region XI 6.7% 5.CAR 3.8%

6.Region V and VI 6.2%

6.CARAGA 3.9%

7.Region IV B 4.1%

7.Region X 5.5% 8.Region VII 4.9%

8.Region VIII 5.2%