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Report in reed 143 Unemployment
Introduction Our country faces problems like any other country in the world. Poverty, crimes left unsolved, environmental issues, etc. Most of these were easy to solve if it was immediately prevented. But these were not prevented, and many more problems stemmed from this. One of this problems is unemployment. But what is unemployment?
Unemployment, as defined by the International Labour Organization, occurs when people are without jobs and they actively looked for work within the past four weeks. The unemployment rate is a measure of the prevalence of unemployment and it is calculated as a percentage by dividing the number of unemployed individuals by all individuals currently in the labour force. Another definition, an economic condition marked by the fact that individuals actively seeking jobs remain unhired. Unemployment is expressed as a percentage of the total individual work force. The level of unemployment varies with economic conditions and other circumstances.
This does not include: ,[object Object],A situation in which a worker is employed, but not in the desired capacity, whether in terms of compensation, hours, or level of skill and experience. While not technically unemployed, the underemployed are often competing for available jobs. ,[object Object],A situation in which a worker is employed, but not for full time. Why does Unemployment Exist? In many markets, prices adjust to the market equilibrium price and quantity, and no prolonged periods of shortage or surplus occur. Three reasons for the failure to set equilibrium wages but are adjusted higher than equilibrium price. ,[object Object]
Unions
Efficiency Wage Theory,[object Object]
Seasonal Unemployment
Structural Unemployment
Cyclical Unemployment
Technological Unemployment
Residual Unemployment
Fractional Unemploymentย  	-occurs when people voluntarily leave one job in search of a different job. These people are unemployed because they are temporarily between finding a suitable job.
[object Object],	- occurs because some jobs, by their very nature, are tied to the seasons of the year. ย  ,[object Object],	-unemployment resulting from changes in the basic composition of the economy. These changes simultaneously open new positions for trained workers. ย  ,[object Object],	-occurs as a result of changes in the business cycle. ย  ,[object Object],	-this can be seen where firms use capital investment in technology to reduce their reliance on unskilled or semi-skilled labour. ย 
[object Object],	-some of the people will not even be capable of holding permanent job by virtue of some physical or mental disability. ย  Measuring Unemployment Rate ย  The unemployment rate is the percentage of the labour force that is not working. ย  Unemployment rate = ๐๐ฎ๐ฆ๐›๐ž๐ซย ๐จ๐Ÿย ๐‘ผ๐’๐’†๐’Ž๐’‘๐’๐’๐’š๐’†๐’…๐๐ฎ๐ฆ๐›๐ž๐ซย ๐ข๐งย ๐ฅ๐š๐›๐จ๐ฎ๐ซย ๐’‡๐’๐’“๐’„๐’† ย  Calculating Unemployment Labour force = Number of Employed + Number of Unemployed ย  ย 
Economic Problems of Unemployment ,[object Object],Each unemployed person is said to increase the cost of the Inland Revenue in terms of allowance. ,[object Object],Payments made by the state or other authorized bodies to unemployed people. ,[object Object],Unemployed individual is not earning so government has lost important tax revenue. ,[object Object],Government employment schemes are offered for unemployed to help them get job. ,[object Object],Labour, unlike some raw materials, cannot be stored for future use. Unused labour resources are lost for all times.

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Unemployment

  • 1. Report in reed 143 Unemployment
  • 2. Introduction Our country faces problems like any other country in the world. Poverty, crimes left unsolved, environmental issues, etc. Most of these were easy to solve if it was immediately prevented. But these were not prevented, and many more problems stemmed from this. One of this problems is unemployment. But what is unemployment?
  • 3. Unemployment, as defined by the International Labour Organization, occurs when people are without jobs and they actively looked for work within the past four weeks. The unemployment rate is a measure of the prevalence of unemployment and it is calculated as a percentage by dividing the number of unemployed individuals by all individuals currently in the labour force. Another definition, an economic condition marked by the fact that individuals actively seeking jobs remain unhired. Unemployment is expressed as a percentage of the total individual work force. The level of unemployment varies with economic conditions and other circumstances.
  • 4.
  • 6.
  • 12. Fractional Unemploymentย  -occurs when people voluntarily leave one job in search of a different job. These people are unemployed because they are temporarily between finding a suitable job.
  • 13.
  • 14.
  • 15.
  • 16.
  • 21.
  • 22. Reduction in employment discrimination.
  • 23. Proper educational advice to college students in terms of the job demands and skills required to get job faster.
  • 24.
  • 25. Working with the dealer in the off seasons.
  • 26. Bringing out new models in dull seasons.
  • 27. Free service and free merchandise offers.
  • 28. Bringing pressure on sales force.
  • 29.
  • 30. Providing facilities for the retaining of workers whose skills are no longer in demand.
  • 31.
  • 32.
  • 33. An incentive for the unemployed to study further can be provided.
  • 34. Preventing trade unions from keeping wages artificially high.
  • 35.
  • 36. Government can provide tax incentives to company for restructuring their organization to accommodate disabled people.ย  ย 
  • 37. Conclusion The more probable cause of unemployment in the Philippines is the unavailability of jobs provided. With a growing population of about a 8 million, millions needed jobs and only few can sure provide one. The lack of investors and businesses that could provide good jobs for the Filipino people is one key factor in the growing unemployment in the Philippines.But probably, one cause of unemployment in the Philippines may be lack of education. With the increasing demands of the fast developing world, it is really hard to find jobs when you are not a graduate of a particular skill or course. Though the Philippines is a literate country, its not enough to be able to reach the qualifications of most in-demand jobs because even mere sales ladies nowadays are required to have at least 1-2 years in college. We are facing a competitive world and its a must to reach the norms of development. Thus, a high educational attainment, which most Filipinos lack, is one way to uplift the unemployment rate of the country.
  • 38. Thank you! Presented By: Ilisan. Christina Pauleen Ginez, Abbigail Jane Embudo, Monique Rochelle Hilao, Renz Fredrick Hernandez, Paolo Augustus Fua, Mark Jayson Madlangbayan. Jose Ernesto