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.

The solution for unemployment is to create

new jobs.

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 Countries with Highest and Lowest

Unemployment Rate in the World in the year 2013
Top 10 Highest

Percentage

Top 10 Lowest

Percentage

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%

5. Benin

1%

6. Lesotho

27%

6. Laos

1.4%

3. Reunion

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 157.1 million unemployed

O
O

O
O

workers throughout the worlds developing nations.

Among all regions, East Asia has the largest number of
unemployed workers.
At 39.4 million, East Asia accounts for one in every four
jobless people throughout the developing world.
The Philippines unemployment rate in 2013 was 7.3%.
Making it the 92nd country among the highest
unemployment rate
And the 84th country among the lowest unemployment
rate.

Asian Countries with the Highest and Lowest Unemployment

Rates
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

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.CARAGA

3.9%

7.Region IV B

4.1%

8.Region VII

4.9%

6.Region V and VI

6.2%

7.Region X

5.5%

8.Region VIII

5.2%