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Unemployment

By: Group 1
MLS 2- A

What is Unemployment?
Unemployment occurs when people are without jobs and
they have actually looked for work within the past four
weeks.
International Labor Organization
Unemployment is defined as a situation where someone of
working age is not able to get a job but would like to be in
full time employment.
Teiyan Pettinger

Types of Unemployment:

Demand Deficient Unemployment


Structural Unemployment
Real Wage Unemployment
Frictional unemployment
Voluntary Unemployment

Causes of Unemployment:

High population growth


Absence of employment opportunities
Seasonal employment
Slow developing of economic industries
Insufficient rate of economic progress

Positive Effects of
Unemployment:
It can give workers the time and incentive to pursue new
career avenues and education.
Workers who are laid off may have the access to benefits
that make up for a part or all of the income they lost for a
certain amount of time.

Negative Effects of
Unemployment:

Mental health
Health diseases
Tension at home
Political issues
Tension over taxes rise
Insecurity amongst employees
Crime and violence

Negative Effects of
Unemployment:

Suicide cases
Social outing
Stigma
Standard of leaving
Employment gaps
Loss of skills usage

Statistical Updates: Global

Statistical
Updates: Asia

Statistical Updates: Philippines