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 International Labour Organization, occurs when people are without jobs and they have 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 compete to hire the best , and the workers compete for the best satisfying job.
Types ypes of Unemployment 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 Unemployment Arises from technical changes in the
composition of output due to variations in the types of products people demand.
Cause and Effect Effect
O
- 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
-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 Solutions for Unemployment O
The very first solution for the unemployment unemployment is to control the rising population of our country countr y. Government should motivate people to have small families.
O
The quality of education should be improved.
O
Also today’s 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 don’t migrate to the urban areas. areas .
O
Rapid Industrialization should be created .
Two types of stabilization policies: O
Monetary policy
O
Fiscal policy
Philippine Government DOLE set to launch Job Start Philippines in order to address youth unemployment
Government Departments & Policies that help decrease the Unemployment Rate O
TESDA
O
PESO
O
GSIS Act of 1997 (Rule VII: Unemployment Benefit)
STATISTICS:
Top Ten Ten Countries Count ries with wit h Highest Hig hest and Lowest Unemployment Rate in the World World in the year 2013 1. Mauritania
30.9%
1. Cambodia
0.3%
2. Macedonia
29.7%
2. Qatar
0.6%
29%
3. Rwanda
0.6%
4. Bosnia and Herzegovina
28.6%
4. Thailand
0.8%
5. Greece
27.6% 27.6%
5. Benin
1%
6. Lesotho
27%
6. Laos
1.4%
3. Re’union
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%
Source: International Labour Organization (ILO): Global unemployment trends 2013
O
In 2013, there were about abo ut 157.1 157.1 million unemployed workers throughout the world’s developing nations. 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 throughout the developing developing world. world.
O
The Philippines Phil ippines unemployment rate in 2013 was 7.3%. 7.3%.
O
Making it the 92nd country among the highest unemployment rate
O
And the 84th country countr y among the lowest unemployment rate.
Asian Countries with the Highest and Lowest Unemployment Rates
