mls2b-group1-unemployment.pdf
TRANSCRIPT
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MLS 2B Group 1
Ababao, Kimberly Grace
Bernas, Kathleen June
Rabi, Mandelle
Rios, Julienne
Salamanca, Jessalyn
Unggui, Hazel
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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.
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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.
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O To calculate for Unemployment Rate:
Unemployment Rate= Unemployed Workers
Total Labor Force
O This is to measure the prevalence of
unemployment.
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Labor Market
O Usually an informal
market where
workers find paying
work, employers find
willing workers and
where wage rates are
determined.
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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.
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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.
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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.
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Cause and Effect
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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
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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
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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.
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Two types of stabilization policies:
O Monetary policy
O Fiscal policy
The solution for unemployment is to create new jobs.
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DOLE set to launch Job Start Philippines in order to address youth unemployment
Philippine Government
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Government Departments & Policies that help decrease the Unemployment Rate
O TESDA
O PESO
O GSIS Act of 1997 (Rule VII: Unemployment
Benefit)
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STATISTICS:
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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
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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.
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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
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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.
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Philippines
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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%