GRADE 10 SAN PEDRO CALUNGSOD

SUBMITTED BY: ELEN MAE Y. CABARON

SUBMITTED TO: JENESA B. ESOY
 UNEMPLOYMENT

Unemployment occurs when workers who want to work

are unable to find jobs, which means lower economic
output, while still requiring subsistence. High rates of
unemployment are a signal of economic distress, but
extremely low rates of unemployment may signal an
overheated economy.
 UNEMPLOYMENT SOLUTIONS

A number of other solutions to the unemployment

problem have been advanced in the literature. For
example, work sharing, early retirement, and reduced
migration have been discussed. These policies affect the
labor market by reducing the supply of labor. However,
they have not won a great deal of support among
economists. Some of these programs aim to change
people to match existing jobs while others create jobs to
match existing worker skills. The change in focus over
time and the short duration of many programs make
evaluation difficult.