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UNEMPLOYMENT
Thea May Octavio
Jumelyn PentecostesJan Andriane Divinagracia
BSA 2-2
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UNEMPLOYMENT
-occurs when a person who is activelysearching for employment is unable to
find work.
-a situation where someone of workingage is not able to get a job but would like
to be in full time employment.
-it has been called as the cancer of the
body economics
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Types of UnemploymentDemand Defcient Unemployment. Lack o
AD in economy (e.g. Recession)Structural Unemployment workers lacknecessary skills or geograpical immo!ility
Real "age Unemployment wages a!o#ee$uili!rium%rictional unemployment workers in!etween &o!s
'oluntary Unemployment. workerspreernot to work
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How does unemployment
affect the economy?
Unemployment financial costs
Spending power
Reduced spending power of the employed
Recession
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he negative efect o unemploymentn our society
1. Mental health2. Health diseases3. Tension at home4. Political issues5. Tension over taes rise
!. "nsecurity amongst employees#. $rime and violence%. &uicide cases'. &ocial outing1(.&tigma
11.&tandard o leaving12.)mployment gaps13.*ose o s+ills, usage
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he positive efect o unemploymentn our society
1. -ou are your on /oss 0 can start some/usiness
2. $an manage your time easily
3. *ot o ree time to do everything youant4. Have enough time to clean your house5. &pend more time ith riends and amily
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The unemployment rate is a measure of the prevalence
of unemploymentand it is calculated as a percentage by dividing the
number of unemployedindividuals by all individuals currently in the
labor force. During periods of recession, an economy usually
experiences a relatively high unemployment rate.
nemployment ate
nemployment ate ormula
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According to the definition of the Bureau of Labor
Statistics (BLS),
Employed persons are persons who are:
Aged 16 or older,
Work for an employer or are self-employed,
Not volunteers, and
Not engaged in self-service such as homemaking, etc.
Unemployed persons are persons who:
Are aged 16 year or older,
Are not engaged in any employment (self or otherwise),Were available for job in last four weeks, and
Have made specific efforts to find a job at any time during last four
weeks.
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%irst igest rate
Last lowest rate
Rate o ilippines
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Unemployment rate alls to !.4+A,-LA ilippines / 0e country1s unemployment rate
declined to !.4 percentin April rom # percento te samemont in 2345 te ilippine Statistics Autority (SA) said
0uesday. 6une 7 2348
-L9-L9 :ity ilippines Unemployment rate in "estern'isayas went down to ;.3 percent in 6anuary 2348 rom ;.; percent
a year ago results o te ilippine Statistics Autority
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6hat causes unemployment in the Philippine
Lack o education?ig rate o population
growt or o#erpopulationUna#aila!ility o &o!spro#ided or insu@cient &o!creationLack o in#estors and!usiness
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Lack o education
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8verpopulation
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ilippine Statistics Autority
ilippines Unemployment Rate 4775/2348 Data :art :alendarUnemployment Rate in ilippines increased to ;.83 percent in te tird$uarter o 2348 rom ;.53 percent in te second $uarter o 2348.
Unemployment Rate in ilippines a#eraged =.=2 percent rom 4775 until2348 reacing an all time ig o 4.73 percent in te frst $uarter o 2333and a record low o ; percent in te ourt $uarter o 2345. UnemploymentRate in ilippines is reported !y te ,ational Statistics 9@ce oilippines.
"ndicator 9uly2(15
:pril2(15
9uly 2(14
Bmployment
Rate
7.8 7.; 7.
Underemployment Rate
24.3 4C.= 4=.
La!or %orcearticipation
Rate
;2.7 ;5.; ;5.5
UnemploymentRate
;.8 ;.5 ;.C
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:ctual Previous
Highest
*oest
;ates
nit
re
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-n ilippines te unemployment rate measures te num!er o people acti#elylooking or a &o! as a percentage o te la!our orce. 0is page pro#ides /ilippines Unemployment Rate / actual #alues istorical data orecast cartstatistics economic calendar and news. :ontent or / ilippines UnemploymentRate / was last reresed on Saturday Septem!er 42 2348.
ilippines 6o!less Rate %alls in 6uly
ilippines unemployment rate was at ;.8 percent in 6uly o 2348 down rom;.C percent a year earlier !ut up rom ;.5 percent reported in April 2348. 0efgure eEcludes Leyte Region.
0ere were 2C25 tousand unemployed persons. Among te unemployedpersons ;2.4 percent were males. 0e age group 48 to 25 years comprised83.5 percent wile te age group 28 to 5 27.8 percent. Fy educationalattainment 22.2 percent o te unemployed were college graduates 4.8percent were college undergraduates and .2 percent were ig scoolgraduates.
+eanwile te num!er o underemployed was =247 in 6uly. +ore tan 83percent worked or less tan 53 ours a week and =. percent worked in teagriculture sector wile 55.2 percent were in te ser#ices sector. 0ose in teindustry sector accounted or 4C.; percent.
-n 6uly o 2348 tere were 74C5 tousand employed persons. 88.8 percent
worked in te ser#ices sector 2=.3 percent in agriculture and te remaining4;.8 percent in industry.
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Unemployment Rate !y Region(percent)
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