UNEMPLOYMENT

Thea May Octavio

Jumelyn Pentecostes
Jan Andriane Divinagracia
BSA 2-2

UNEMPLOYMENT
-occurs when a person who is actively
searching for employment is unable to
find work.
-a situation where someone of working
age 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

Types of Unemployment
Demand Deficient Unemployment. Lack of
AD in economy (e.g. Recession)
Structural Unemployment workers lack
necessary skills or geographical immobility
Real Wage Unemployment wages above
equilibrium
Frictional unemployment workers in
between jobs
Voluntary Unemployment. workers prefer
not to work

How does unemployment

affect the economy?
Unemployment financial costs
Spending power
Reduced spending power of the employed
Recession

The negative effect of unemployment

on our society
1. Mental health
2. Health diseases
3. Tension at home
4. Political issues
5. Tension over taxes rise
6. Insecurity amongst employees
7. Crime and violence
8. Suicide cases
9. Social outing
10.Stigma
11.Standard of leaving
12.Employment gaps
13.Lose of skills usage

The positive effect of unemployment

on our society
1. You are your own boss & can start some
business
2. Can manage your time easily
3. Lot of free time to do everything you
want
4. Have enough time to clean your house
5. Spend more time with friends and family

Unemployment Rate
Theunemployment rateisameasureoftheprevalence
ofunemploymentanditiscalculatedasapercentagebydividingthe
numberofunemployedindividualsbyallindividualscurrentlyinthe
laborforce.Duringperiodsofrecession,aneconomyusually
experiencesarelativelyhighunemployment rate.

Unemployment Rate Formula:

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.

First 3 highest rate

Last 3 lowest rate

Rate of Philippines

Update:
Unemployment rate falls to6.4%
MANILA, Philippines - The country's unemployment rate
declined to6.4 percentin April from7 percentof the same
month in 2014, the Philippine Statistics Authority (PSA) said
Tuesday. June 9, 2015
ILOILO City, Philippines Unemployment rate in Western
Visayas went down to 6.0 percent in January 2015 from 6.6 percent
a year ago, results of the Philippine Statistics Authoritys (PSA)
Labor Force Survey showed.
The labor force participation rate in January 2015 was estimated at
62.8 percent, down from 63.4 percent in the same month last year.
(The labor force consists of the employed and the unemployed.)

What causes unemployment in the Philippines

Lack of education
High rate of population
growth or overpopulation
Unavailability of jobs
provided or insufficient job
creation
Lack of investors and
business

Lack of education

Overpopulation

Philippine Statistics Authority

Indicator

July
2015

April
2015

July 2014

Employment
Rate

93.5

93.6

93.3

Underemployme
nt Rate

21.0

17.8

18.3

Labor Force
Participation
Rate

62.9

64.6

64.4

Unemployment
6.5
6.4
6.7
Rate
Philippines Unemployment Rate 1994-2015 | Data | Chart | Calendar
Unemployment Rate in Philippines increased to 6.50 percent in the third
quarter of 2015 from 6.40 percent in the second quarter of 2015.
Unemployment Rate in Philippines averaged 8.82 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 6 percent in the fourth quarter of 2014. Unemployment
Rate in Philippines is reported by the National Statistics Office of
Philippines.

Actual

Previou
s

Highes
t

Lowes Date
t
s

Uni
t

6.50

6.40

13.90

6.00

perc Quarterly
ent

1994
2015

Frequenc
y

In Philippines, the unemployment rate measures the number of people actively

looking for a job as a percentage of the labour force. This page provides Philippines Unemployment Rate - actual values, historical data, forecast, chart,
statistics, economic calendar and news. Content for - Philippines Unemployment
Rate - was last refreshed on Saturday, September 12, 2015.
Philippines Jobless Rate Falls in July
Philippines unemployment rate was at 6.5 percent in July of 2015, down from
6.7 percent a year earlier but up from 6.4 percent reported in April 2015. The
figure excludes Leyte Region.
There were 2,724 thousand unemployed persons. Among the unemployed
persons, 62.1 percent were males. The age group 15 to 24 years comprised
50.4 percent, while the age group 25 to 34, 29.5 percent. By educational
attainment, 22.2 percent of the unemployed were college graduates, 13.5
percent were college undergraduates, and 33.2 percent were high school
graduates.
Meanwhile, the number of underemployed was 8,219 in July. More than 50
percent worked for less than 40 hours a week and 38.3 percent worked in the
agriculture sector, while 44.2 percent were in the services sector. Those in the
industry sector accounted for 17.6 percent.
In July of 2015, there were 39,174 thousand employed persons. 55.5 percent
worked in the services sector, 28.0 percent in agriculture and the remaining
16.5 percent in industry.

Unemployment Rate by Region

(percent)