CAST

Host 1:
Host 2
M1:
M2:
M3:
Audience 1:
Audience 2:
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SCRIPT
BACKGROUND MUSIC
Both: WELCOME TO (NAME OF THE SHOW)
H1: Good Afternoon PARTNER
H2: GOODAFTERNOON AS WELL
H1: PARTNER, MAY I ASK YOU SOMETHING.
H2: OH SURE
H1: Whats your plan after graduating college? Do you think it was too easy to get
jobs?
H2: HMM MY PLAN IS, AS A TYPICAL STUDENT OR PERSON I JUST WANT TO HAVE A
WORK THAT SUITS TO THE COURSE THAT I HAVE TOOK UP. IT WAS KINDDA HARD
FOR ME BEFORE TO HAVE A JOB BECAUSE OF THERES NO VACANCY OR SOMETIMES
THE JOB
(SCENE 1)
The 2 hosts talk to each other to tackle their experience about acquiring jobs.

Cesar V. Purisima

Alfredo C. Antonio
Armando L. Suratos

H1: TODAY WE ARE GOING TO FACE THREE OUTSTANDING MEMBER OF THE

MONETARY BOARD TO GIVE US SOME INSIGHTS REGARDING THE ISSUE OF
UNEMPLOYMENT HERE IN OUR COUNTRY.
H2: The 1st one is the Co-Owner of Prople, an outsourcing and of shoring industry. he serves as the
Chairman of National Power Corporation. He serves as a Governor of Asian Development Bank. Hon.
Purisima served as a Secretary of Department of Finance, Republic of the Philippines from February
2005 to July 2005. Hon. Purisima served as Secretary of the Department of Finance at Energy
Development Corporation since June 30, 2010. And currently He served as Member of the Monetary
Board of the Bangko Sentral Ng Pilipinas. Lets welcome Mr. Cesar V. Purisima.
H1: The 2nd one is a Filipino economist. He served as the 9th Socio-Economic Planning Secretary

and Director-General of the National Economic and Development Authority under the presidency
of Joseph Estrada. He is an incumbent member of the Monetary Board of the Bangko Sentral ng
Pilipinas (Central Bank of the Philippines), an entity in-charge of managing Philippine monetary.
policy. Please welcome Mr. Felipe M. Medalla.
H1: and lastly he has been the Chief Executive Officer of Philippine Deposit Insurance Corporation since
June 1, 2011 and served as its President until November 2011. He served as Vice President and General
Manager of the Philippine National Bank's (PNB) International Department and Finance Management
Office in 1982. He served as the Chief Operating Officer and Senior Executive Vice President of PNB in
1998. He served as Senior Executive Vice President and Chief Executive Officer and Director of
Philippine National Bank. And also a member of the Monetary Board of wBSP lets us all welcome Mr.
Valentine Araneta.
Both: Good afternoon honorable member of the monetary board.
H2: Ahm as all of you were here today, we all have the chance to gather many ideas about whats the
effect and role of unemployment in our society. And you can give us some tips on how to heal it as to
cover up to the downturn of our economy.
M1: Let me give you updates on the unemployment here in the Philippines. According to NSO Philippines

unemployment rate fell to 5.7 percent in October of 2015, the lowest in the record, and beating market
forecasts of 6.5 percent. There were around 39.8 million employed, slightly higher compared with 39.2
million in July this year. Unemployment Rate in Philippines averaged 8.78 percent from 1994 until 2015,
reaching an all time high of 13.90 percent in the first quarter of 2000 and a record low of 5.70 percent in
the fourth quarter of 2015.
H1: Can you give us some possible solutions to unemployment in the Philippines?
M2: We cannot say that all of the solution we will be given is very accurate that
could help lessen the unemployment rate. Reducing Occupational Immobility. Labor
resources are usually occupationally immobile because it takes time for people to gain the sufficient skills
that are necessary for working in a certain industry. Hence, when there is oversupply of labor in a certain
industry or when there is a recession, people who become unemployed cannot find work immediately or
easily since they cannot be employed in the industry that requires their skills and also cannot work in
other industries since they may not have sufficient skills. Hence, the government can provide retraining
programmed for the unemployed, so that they can improve their skills or gain new skills necessary to
ensure their employment.
M3: Employment Subsidies. Employment subsidies can be provided by the government for firms who
hire workers that are unemployed. With a subsidy, costs of production for firms go down since the price
of each unit of labor resource decreases. Hence, employers will be more willing and able to hire more
workers and increase the number of workers that they are willing to hire. This increases the size of the
workforce and the number of job vacancies, hence helping to reduce unemployment. However, it is

difficult for governments to determine how much subsidy to provide and it is difficult to ensure that firms
are willing to retain the increased size of their workforce when there are changes in the economy (eg.
Recession)
M1: Sustained Economic Growth. Having sustained economic growth is another way for the government
to address the problem of unemployment. When there is economic growth, employers will be more
willing and able to employ more workers. This helps to address the issue of unemployment. However, this
is a long term strategy that takes a lot of time to see results.
H1: Everything you said, well Im assuming, are the acts our government should pay
attention to. How about the unemployed themselves? What advices can you give
them with regard to job hunting?
M2: One should always maintain high spirits. Although this may be difficult, you
have to stay strong for not only yourself but your family as well. You must maintain
a positive attitude. Of course, Set a budget. Keep track of your spending and keep your priorities
straight. Only spend money on necessities as you don't have the extra cash right now to enjoy luxuries.
H2: I have here some problems from our viewers that needs addressing. All you have to do is give solutions.
So here it goes. This is Fast-talk!

H2: Problem: Our educational system churns out graduates who are lacking in skills and are unfit for
employment.

M2: Solution #1: Compel the wealthy to create programs to remedy this via encouraging the creation of
Corporate Social Responsibility Programs.
M1: Solution #2: On an individual level, if you have the means help out one teen graduate from high
school every 4 years. Or if you dont have the means, connect them to breaks and to people who do. Or
encourage people. Even things like showing people they can conquer poverty and rise above their
circumstances could already go a long way.

H1: Problem: Graduating from college lacking skills.

M3: Solution: Seek to learn more, even if its not in formal education. The Internet is definitely worth
more than hours of Facebook fun. Need web design skills? Google that. Need to sharpen your writing
skills? Start a blog. Want to see if your work could get paid for? Go to Google and you can try your luck
at getting clients.

H1: Problem: You dont seem to get accepted to jobs you are applying for.
M2: Solution: Look for a friend who has graduated from AB or BS Psychology, or is working as a
company recruiter or HR personnel and ask if he or she could look at your resume and check if the way
youve been taking your interviews is effective. This feedback and coaching will show you what youre
doing wrong in your job applications and how you can improve.

H2: So there you have it! Youve heard the current updates about unemployment and the problems and its
solutions on it, thank you for lending your ears on our simple yet interesting talk.
ALL: Stay tune! Spend time on hearing our professor interrogating us regarding on our unemployment
presentation!

The BSP Monetary Board

Chairman

Amando M. Tetangco, Jr.

Members

Cesar V. Purisima

Alfredo C. Antonio

Juan D. De Zuiga, Jr.

Valentin A. Araneta

Felipe M. Medalla

Armando L. Suratos