UNEMPLOYMENT AND UNDEREMPLOYMENT Two of the most hard to solve problems in the society Whats the difference between

n unemployment and underemployment? unemployment = jobless condition underemployment = you have a job but its not enough to cover your needs; your skills are not matched with the job that youre doing Causes of Unemployment institutions have under-subscription of long term courses and over-subscription of common courses calamities and frequent change in season influx of technological inventions companies discrimination towards the applicants prospective workers outlook toward employment population growth Underemployment and Unemployment Issues Zulueta and Liwag (2001) emphasized that the labor market as well as the education of an individual are two of the top issues that must be considered when studying unemployment and underemployment

 NSO stated that 9 out of 10 Filipinos are literate, which means that there are a lot of competition once they graduate and enter the world of work Schools must design their curricula in consideration of the needs of the prevailing system in the economy Types of Unemployment Cyclical Unemployment results from the ups and downs of business cycle of the country Structural Unemployment results from the mismatch between the available skill and the requirements in the labor market Frictional unemployment transitional and temporary type of unemployment; happens when people move from one job to another Technological unemployment employees are replaced with machines that can display fast and accurate outputs Seasonal unemployment unemployment resulting from seasonal changes in the labor supply

Effects of Unemployment What are the social and political implications if unemployment/underemployment? poverty some people may blame the government because of its inability to provide jobs and industries for growth, which could lead to their dissatisfaction in the government may lead to indecent jobs like prostitution, robbery, drug dealing, etc. may eventually address their distrust to the church Assignment: (yellow pad; copy and answer) What do you think are the causes if high unemployment rate in the Philippines despite the fact that we have a lot of graduates every year? What do you think should the government and business sector do to improve the level of the Philippine unemployment rate? What do you think should the educational institutions do to avoid the occurrence of possible factors that may affect the unemployment rate of the country? What do you think of call centers? Do these newly develop institutions help improve the level of unemployment rate in the Philippines?