Preview

Unemployment, Case Study

Powerful Essays
Open Document
Open Document
2166 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Unemployment, Case Study
HIGH UNEMPLOYMENT RATE: WHO’S TO BE BLAMED?

A case study

Presented to

The Faculty of the College of Management and Business Technology
Nueva Ecija University of Science and Technology
Sumacab Campus, Cabanatuan City

In Partial Fulfillment of the Requirement for the Subject
Basic Economics with Agrarian Reform and Taxation
Economics 1

By:

Glenda L. Estipular
Joanne Abigail C. Ramones
Jennavy N. Dela Cruz
Irma Joy P. Castro
Mary Grace A. Arzanan
Jonnalyn L. Alberto

Introduction The Philippines has one of the highest unemployment levels in Southeast Asia. Based on the recent study, the capital Manila and surrounding cities had the highest unemployment rate while the war-ravaged Autonomous Region in Muslim Mindanao had the lowest unemployment rate. Unemployment tends to be lower in rural areas, because the majority of population works on family farms or hired as farm hands of big landowners. Unemployment as explained in the dictionary of economics is “the state of an individual looking for a paying job but not having one”. Unemployment occurs when people face crisis in job opportunities due to the unpredictable nature of the economy. Filipinos are having an economic recession. As have said by Father Edwin Corros "Workers will always be the victims in a recession”. We all know that the root of economic problem that we are facing now is the “unequal distribution of wealth”. This study focuses on high unemployment as the result of disparity. This study seeks to find out who are the responsible people behind this problem of high unemployment; what their responses.

Case Title
High unemployment rate: who’s to be blamed?
Statement of the Problem
1. How is unemployment in the Philippines maybe described?
2. What are the types of unemployment?
3. What are the causes of unemployment?
4. What are the effects of unemployment?
5. What are the strategies of the Philippine government to solve unemployment problem?
Discussion
1. How is

You May Also Find These Documents Helpful

  • Good Essays

    ECO202 Case 1

    • 1088 Words
    • 3 Pages

    Unemployment are people who do not currently have a job but are actively looking for a job. The unemployment rate is the percentage of people in the labor force who are unemployed. There are three basic types of unemployment. The first is a cyclical which is the result of fluctuations in real GDP. Unemployment rises when the real GDP falls, and falls when the economy improves. The second is Frictional unemployment which occurs naturally in the economy. It refers to the time it takes to find an appropriate job. And the third is Structural unemployment which refers to the mismatch between job openings and the skill of workers seeking jobs.…

    • 1088 Words
    • 3 Pages
    Good Essays
  • Good Essays

     Unemployment rate – The most basic definition of an unemployment rate is those people who are unemployed but are actively seeking work and willing to work. It is typically expressed in the form of a percentage.…

    • 938 Words
    • 4 Pages
    Good Essays
  • Better Essays

    Economic Adviser Paper

    • 1082 Words
    • 5 Pages

    Unemployment basically means that individuals have less money and that usually means that there is less demand in the economy. This results in a shift in the aggregate demand curve which is the total amount of goods and services demanded in the economy at an overall price level and time period. The aggregate demand curve represents the relationship between price levels and quantity of output that individuals are willing to provide. The reason unemployment remains high comes from a lack of demand. An aggregate demand downfall is the kind of problem monetary policy can address. We need powerful and continuing monetary stimulus to move toward maximum employment and price stability. This shifts the aggregate demand curve to the left.…

    • 1082 Words
    • 5 Pages
    Better Essays
  • Good Essays

    Determining whether Hemingway’s A Farewell to Arms is a tragedy or romance is a tough task. As a novel set during World War I, it could be classified as a tragedy based on the depictions of warfare alone. However, behind that death and destruction, there is the very delicate, effervescent romance between the American Lieutenant Frederic Henry and the English Nurse Catherine Barkley. This all-consuming love (Catherine in particular seems to fade completely into it, saying “There isn’t any me. I’m you. Don’t make up a separate me.”) makes A Farewell to Arms a romance, in the most unexpected of ways.…

    • 544 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Current Economic Analysis

    • 2045 Words
    • 9 Pages

    Unemployment is the failure of a person to find jobs. (Schiller, 2006) This means that an unemployed person is one that is capable of working and is actively seeking for a job but is unable to find employment, which means that, this person is an active member of the labor force in search for job opportunities but unable to find one. This excludes full time students and homemakers who are not vigorously looking for jobs. Unemployment can be divided into three types known as frictional, structural, and cyclical (Schiller, 2006).…

    • 2045 Words
    • 9 Pages
    Powerful Essays
  • Good Essays

    Unemployment refers to the numbers of people not working and can be measured by the claimant count and labour force survey. There are different types of unemployment and each of them requires different policies to overcome them.…

    • 705 Words
    • 3 Pages
    Good Essays
  • Better Essays

    One sociological perspective on unemployment can be taken from the famous Functionalist Theory. Functionalists believe everything serves a specific function in our society and these functions need to be understood (Kendall 23). The theorist behind functionalism is Durkheim. Durkheim’s concern was how to preserve society. The basis for social order was not economic, but rather moral. In a functionalist society, everyone has a role and a purpose. In order for this theory to be successful, the individuals in a…

    • 1834 Words
    • 8 Pages
    Better Essays
  • Better Essays

    Introduction In our everyday living, it is inevitably observable that, indeed, the Philippines could not seem to escape from the cruel hands of poverty. The Philippines is not just way behind the other countries in terms of developing as a whole. It is, in fact, experiencing a number of unresolved macro and micro economic issues, and barely enough improvement seems to have been recorded. Whether you are in another country, in your back yard, or even at the comfort of your own home, the drastic undeniable traces of poverty are just screaming at you – crying for help and begging for some real action. As foreign as they may seem, these screams actually come from people you commonly encounter – be it the filthy residents beneath the bridges of Manila, the old garbage collector at your subdivision, the breast-feeding mother just across the dumpsite, or even the hungry street children you oftentimes shoo away. Regardless of whether we recognize them or not, these people are considered to be the living proofs of how the Filipino nation has been for the past few decades. Somehow, they tell stories that we should have paid attention to long ago – stories of how and why we should take statistics and economics very seriously.…

    • 2817 Words
    • 12 Pages
    Better Essays
  • Best Essays

    Bibliography: Antonio, R. L., de Villa, K., & Esguerra, C. V. (2014, February 11). Jobless…

    • 4065 Words
    • 30 Pages
    Best Essays
  • Good Essays

    Analysis in BirdTalk

    • 1695 Words
    • 5 Pages

    For the past 3 years of the Aquino administration makes the Philippines’ economy became strong and goes up, especially in 2012, meanwhile the other Richer Countries like America, Japan, and other countries in Asia and in the whole world, but it is also a false victory, because the only reason why, the Philippines’ economy grow because of the richer countries in the world; especially the the America have some quantitative increasing that they gave to their economies that resulted to liquidity in the world that made their economy become decreased and resulted in low interest rates that was favorable for the poor economies like the Philippines. Unfortunately, if the advanced capitalist countries became fully recovered in this situation, the Philippine economy will fall again. One thing also that affects the Philippine economy is the real estate, which was the one who contributes the most in the growth of the GDP. One reason why, the Philippine economy grows because, many Filipinos; especially the OFW’s are buying real estate and construction materials because, of the low interest rates but eventually, it will not make the country prosper, because it is a small part of the economy and it did’nt contribute any forward or backward linkages in the other sectors, so most likely the whole country cannot benefit to it. While, these so called fake rising was going on, the conditions in the poorest sector was even worsening. The studies shows that the disconnection between the Economic Growth and the Foreign Investments, and the Job Generation. When the GDP in 2013 shows that it grows by 7.4%, while the FDI flows by 35.3%, on the other hand the employment rate turns out to be 0.8%. Every year the employment rate in the country falls steeply, while in reverse the unemployment rate was rising. This was because, of the low…

    • 1695 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    An unemployed person is one who is able and willing to work yet is unable to find a job. Unemployment rate is the number of people officially unemployed divided by the labor force. Official unemployment measures those over the age of 16 who are able for employment, but are unable to obtain a job. The labor force is the number of people over the age of 16 who are either employed or unemployed.…

    • 772 Words
    • 4 Pages
    Satisfactory Essays
  • Better Essays

    Unemployment is a situation where people have no job whether they are quitted or being fired and they are actively searching for it. There are two theories that were explained about unemployment that is Classical theory and Keynesian theory.…

    • 1309 Words
    • 5 Pages
    Better Essays
  • Good Essays

    Unemployment Rate in Philippines decreased to 6.80 percent in the third quarter of 2012 from 7 percent in the second quarter of 2012. Unemployment Rate in Philippines is reported by the National Statistics Office (NSO). Historically, from 1994 until 2012, Philippines Unemployment Rate averaged 9.14 Percent reaching an all time high of 13.90 Percent in March of 2000 and a record low of 6.30 Percent in September of 2007. In Philippines, the unemployment rate measures the number of people actively looking for a job as a percentage of the labor force. This page includes a chart with historical data for Philippines Unemployment Rate.…

    • 854 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Aiming for one goal, students from different universities study hard to finish and graduate from college with their chosen courses expecting that after graduating they would land into a high end and well paid job. But job seeking is not as easy as we imagined it because every year there are numerous graduates produced from hundreds of universities in the whole country and this will tighten the competition among job seekers. The most problem in our country is that the number of job seekers is greater than the number of available job offerings. This is why every year, unemployment rate would increase percentage. As of today, as reported in The National Statistics Office (NSO), Unemployment rate here in the Philippines increased to 7.50 percent in the first quarter of 2013 from 7.10 percent in the fourth quarter of 2012. This problem can cause mismatch jobs, where in there is a poor match between the skills required for the job and the skills of the job applicant. The most case like this for example, is a nursing graduate who are now working as a call center agent. The chosen degree is far different from the current job.…

    • 3078 Words
    • 13 Pages
    Powerful Essays
  • Good Essays

    Today, as of the second quarter of the 2013, the Philippines’ sees unemployment at the rate of 7.5%, an increase from the 1st quarters 7.1%. Even with this slight upward movement, the country is still below its average in the past decade of 8.6%.…

    • 569 Words
    • 3 Pages
    Good Essays

Related Topics