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Unemployment and Education Philippine Setting

Unemployment and Education Philippine Setting

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Published by argus-eyed

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Categories:Types, School Work
Published by: argus-eyed on Mar 10, 2011
Copyright:Attribution Non-commercial

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11/06/2012

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UNEMPLOYMENT AND EDUCATIONUNEMPLOYMENT AND EDUCATION
bybyNOEL A. BALARESNOEL A. BALARES
 
UNEMPLOYMENTUNEMPLOYMENT
‡
as defined by theInternational Labour Organization, occurswhen people are without jobs and they have actively lookedfor work within the past four weeks.
UNEMPLOYMENT RATEUNEMPLOYMENT RATE
‡
is a measure of the prevalence of unemployment
‡
it is calculated as a percentage by dividing the number of unemployedindividuals by all individuals currently in the
labour force
U
nemployment rate =
U
nemployed workersTotal labour force
 
UNEMPLOYMENTUNEMPLOYMENT
W
hat isanyway?
‡
refers to the condition of unwanted job losses
‡
willing workers without jobs
but
not everyone whos out of work is seen as unemployed
Ex
ample:
A
person with a large fortune not looking a job is not counted inthe unemployed population in that he is not willing to work inthe first place, though hes officially out of work.

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