Exercise 7: Unemployment

Direction: Write your answer legibly on the space provided.

Discuss the current status of the country in regards to labor force, employment and
unemployment rate.

The Philippine labor force is a vital factor in the economy. As of January 2020the
employment rate is at 94.7 % the same as the employment rate of January 2019. This means that
the Filipino workers are mostly employed. On the hand the unemployment of the Philippines is
at the 5.3% which is a bit higher from 4.5% of October 2019. The statistics shows that so far the
Philippine labor force is currently in good shape. The reason maybe why the many Filipinos are
still poor is that their wages is not enough for their expenses.

Part II: FYI GLOBAL

Direction: Choose at least two groups from the choices below and compare the countries
according to their economic competitiveness in terms of employment and unemployment status.
What are the challengers and problems that these countries are encountering.

A. USA vs China

USA and China are both an economic superpower. Though their industry is different, their labor
force is superior from other countries. In USA they promote early laboring as soon as their
citizen reach 18 years old, they are taught to be independent and work for them to support their
own. On the other hand, China implement the s same policy but more strict than the USAA.
There is what so called the 12 hours rules in China where workers should work for 12 hours a
day. That is why mostly Chinese are exhausted and more work directed. However compare to
USA who has a lot of natural resources, China is declining in terms of natural resources. But
overall USA and China has good high employment rate.

B. Philippines vs Indonesia

Philippines and Indonesia are both the rising economy in the South East Asian Region. While
Philippines is currently rising, Indonesia is the number 1 in the South East Asia and the one of
the largest economy of the world. The force of the both country is currently high. Their resources
is both enough to support the entire country. But the Philippines is having problem with regards
to investment from the other country unlike Indonesia who has adequate investment from
different countries.

E7 p3
1. Unemployment, unemployed, labor
2. Market workers, unemployed, vacancies
3. Jobs, , unemployed, jobs
4. Market workers, vacancies
5.