UNMPLOYMENTUNMPLOYMENT

Unemployment occurs when people are withoutwork and actively seeking work. Theunemployment rate is a measure of the prevalenceof unemployment and it is calculated as apercentage by dividing the number of unemployedindividuals by all individuals currently in the laborforce. During periods of recession, an economyusually experiences a relatively highunemployment rate. According to InternationalLabour Organization report, more than 200million people globally or 6% of the world'sworkforce were without a job in 2012.

Unemployment occurs when people are withoutwork and actively seeking work. Theunemployment rate is a measure of the prevalenceof unemployment and it is calculated as apercentage by dividing the number of unemployedindividuals by all individuals currently in the laborforce. During periods of recession, an economyusually experiences a relatively highunemployment rate. According to InternationalLabour Organization report, more than 200million people globally or 6% of the world'sworkforce were without a job in 2012.

Effects of Unemployment*Increase in crime rate such as robbery just to

feed their families....*Women abort children during pregnancy*Children are forced to stop school and work*Parents are forced to leave their children and

work abroad*More poor people sleep at squatters*More people die*Malnutrition*Rate of beggars increase*Food decrease*People rallies outside the governments office

Effects of Unemployment*Increase in crime rate such as robbery just to

feed their families....*Women abort children during pregnancy*Children are forced to stop school and work*Parents are forced to leave their children and

work abroad*More poor people sleep at squatters*More people die*Malnutrition*Rate of beggars increase*Food decrease*People rallies outside the governments office

Why Unemployment Is A ProblemUnemployment has been a problem for every

country in this and last century. In earliertimes when people lived on their farmsincountryside there was no unemployment.There was always something to workon. Also, in all ex - communist countriesthere was no unemployment, but in mostworkplaces there were 3 or more peopleworking even if only worker was needed.This type of situation is called hiddenunemployment and causes inefficiency.

Why Unemployment Is A ProblemUnemployment has been a problem for every

country in this and last century. In earliertimes when people lived on their farmsincountryside there was no unemployment.There was always something to workon. Also, in all ex - communist countriesthere was no unemployment, but in mostworkplaces there were 3 or more peopleworking even if only worker was needed.This type of situation is called hiddenunemployment and causes inefficiency.

What are the most important reasons for thishappening?

1) Not enough jobs.

2) Mismatch between skills needed and skillsworkers actually have.

3) Mismatch in location of companies and workers.

What are the most important reasons for thishappening?

1) Not enough jobs.

2) Mismatch between skills needed and skillsworkers actually have.

3) Mismatch in location of companies and workers.

Solutions used by the Government1) Full development of small-scale, labor-intensiveindustries.

2) Choosing appropriate labor -intensive technologiesof production.

3) Creating a more direct link between education andemployment.

4) Reduce rural migration.5) Remove capital intensive bias.6) Employment strategy package.

Solutions used by the Government1) Full development of small-scale, labor-intensiveindustries.

2) Choosing appropriate labor -intensive technologiesof production.

3) Creating a more direct link between education andemployment.

4) Reduce rural migration.5) Remove capital intensive bias.6) Employment strategy package.

Statistical updatePhilippines Unemployment Rate 1994-2015

Unemployment Rate in Philippinesincreased to 6.50 percent in the third quarter of 2015from 6.40 percent in the second quarter of 2015.Unemployment Rate in Philippines averaged 8.82percent from 1994 until 2015, reaching an all timehigh of 13.90 percent in the first quarter of 2000 anda record low of 6 percent in the fourth quarter of2014. Unemployment Rate in Philippines is reportedby the National Statistics Office of Philippines.

Statistical updatePhilippines Unemployment Rate 1994-2015

Unemployment Rate in Philippinesincreased to 6.50 percent in the third quarter of 2015from 6.40 percent in the second quarter of 2015.Unemployment Rate in Philippines averaged 8.82percent from 1994 until 2015, reaching an all timehigh of 13.90 percent in the first quarter of 2000 anda record low of 6 percent in the fourth quarter of2014. Unemployment Rate in Philippines is reportedby the National Statistics Office of Philippines.

Philippines Jobless Rate Falls in JulyPhilippines unemployment rate was at 6.5

percent in July of 2015, down from 6.7 percent ayear earlier but up from 6.4 percent reported inApril 2015.

There were 2,724 thousand unemployedpersons. Among the unemployed persons, 62.1percent were males. The age group 15 to 24 yearscomprised 50.4 percent, while the age group 25 to34, 29.5 percent. By educational attainment, 22.2percent of the unemployed were college graduates,13.5 percent were college undergraduates, and 33.2percent were high school graduates.

Philippines Jobless Rate Falls in JulyPhilippines unemployment rate was at 6.5

percent in July of 2015, down from 6.7 percent ayear earlier but up from 6.4 percent reported inApril 2015.

There were 2,724 thousand unemployedpersons. Among the unemployed persons, 62.1percent were males. The age group 15 to 24 yearscomprised 50.4 percent, while the age group 25 to34, 29.5 percent. By educational attainment, 22.2percent of the unemployed were college graduates,13.5 percent were college undergraduates, and 33.2percent were high school graduates.

Meanwhile, the number ofunderemployed was 8,219 in July. Morethan 50 percent worked for less than 40hours a week and 38.3 percent workedin the agriculture sector, while 44.2percent were in the services sector. Thosein the industry sector accounted for 17.6

percent.

Meanwhile, the number ofunderemployed was 8,219 in July. Morethan 50 percent worked for less than 40hours a week and 38.3 percent workedin the agriculture sector, while 44.2percent were in the services sector. Thosein the industry sector accounted for 17.6

percent.

In July of 2015, there were 39,174 thousandemployed persons. 55.5 percent worked in

the services sector, 28.0 percent inagriculture and the remaining 16.5 percent inindustry.

The labour force participation rate fell to 63.0percent from 64.4 percent a year ago.

In July of 2015, there were 39,174 thousandemployed persons. 55.5 percent worked in

the services sector, 28.0 percent inagriculture and the remaining 16.5 percent inindustry.

The labour force participation rate fell to 63.0percent from 64.4 percent a year ago.