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Unemployment
O As
defined
by the International Labour
Organization, occurs when people are without
jobs and they have actively looked for work within
the past four weeks.
Unemployment
Rate=
Unemployed
workers/Total Labor Force
O This is to measure the prevalence of
unemployment.
Labor Market
O Usually an informal
market
where
workers find paying
work, employers find
willing workers and
where wage rates are
determined.
Types of Unemployment
O Classical Unemployment
O Frictional Unemployment
O Structural Unemployment
O Causes of Unemployment
- overpopulation
-frictional unemployment
-disability
-structural unemployment
-discrimination
-cyclical unemployment
-attitude towards employers
-willingness to work
-ability to look for employment
-rapid change of technology
-seasonal unemployment
O Effect of Unemployment
Philippine Government
DOLE set to launch
JobStart Philippines in
order to address youth
unemployment
STATISTICS:
Percentage
Top 10 Lowest
Percentage
1. Mauritania
30.9%
1. Cambodia
0.3%
2. Macedonia
29.7%
2. Qatar
0.6%
29%
3. Rwanda
0.6%
4. Bosnia and
Herzegovina
28.6%
4. Thailand
0.8%
5. Greece
27.6%
5. Benin
1%
6. Lesotho
27%
6. Laos
1.4%
3. Reunion
7. Spain
26.7%
7. Macau
1.8%
8. South Africa
25.3%
8. Vietnam
1.9%
9. Guadeloupe
23.6%
9. Bhutan
2.1%
10. Swaziland
22.9%
2.4%
O
O
Percentage
Top 10 Lowest in
Asia
Percentage
1.Japan
4.30%
1.Cambodia
0.3%
2.Taiwan
4.16%
2.Thailand
0.8%
3.China
4.1%
3.Laos
1.4%
4.Mongolia
3.6%
4.Macau
1.7%
5.South Korea
3.2%
5.Vietnam
1.9%
6.Tajikistan
2.4%
7.Nepal
2.7%
8.South Korea
3.2%
9.Hong Kong
3.3%
10.Japan
3.6%
Source: http://www.tradingeconomics.com/country-list/unemployment-rate
Asia
O Philippines has the highest unemployment rate
in Southeast Asia
O Philippine has been in the range between 7 and
8% since 2005
O On a global scale, Cambodia and Thailand
remain among the countries with lowest
unemployment rates
O ILO believes that the current trend for SE Asia,
at 4.3%, will remain steady up to 2017.
Philippines
Percentage
Top 10 Lowest
Percentage
1.NCR
10.2%
1.Region II
2.6%
2.Region IV A
8.1%
2.Region IX
2.9%
3.Region III
7.8%
3.Region XII
3.0%
4.Region I
7.6%
4.ARMM
3.6%
5.Region XI
6.7%
5.CAR
3.8%
6.CARAGA
3.9%
7.Region IV B
4.1%
8.Region VII
4.9%
6.Region V and VI
6.2%
7.Region X
5.5%
8.Region VIII
5.2%