Name : KATHLYN SAN JUAN

Section : BSED 2C SOCIAL STUDIES

A. Assess whether the following would be counted as “unemployed” based on current Philippine
statistics. Write Yes if unemployed, No if not.

____YES 1. Pat hates her present job and is actively looking for another one.
______YES__ 2. Allan, a manufacturing worker whose factory just closed down.
_______NO_ 3. Eva, who is a retiree.
______NO_ 4. Leo who willingly stays home to look after their kids while his wife works.
____NO___ 5. Liza who was out of work but has lose interest to look for one.

B. Write Agree if the statement is true. If not, replace the underlined word or phrase to make the
statement correct.

_____AGREE__ 1. Jane who has a master’s degree in History working at a fast food chain is
structurally unemployed.
____SEASONA 2. A lifeguard is out of work because it is October is cyclically unemployed.
L
UNEMPLOYED

____CYCLICAL 3. Frictional unemployment happens because of a recession which leads to

UNEMPLOYED layoffs at the General Motors plant.
AGREE______ 4. A recent college graduate has not yet found the right job is considered
frictionally unemployed.
______AGREE 5. An administrative assistant who loses his job because he does not have the
necessary computer skills is structurally unemployed.

C. Complete the table.

Year Population Employed Unemploye Labor Force Unemployment Labor Force

(in millions) (in millions) d (in millions) Rate Participation
(in millions) Rate
1980 117 66 4 70 5.7% 59.8%
2000 168 99 8 107 7.5% 63.7%
2020 209 135 6 141 4.3% 67.5%

D. Explain the following briefly.

1. What is the difference between being unemployed and being out of the labor force? (3 pts)
2. When is cyclical unemployment expected to rise? (2 pts)
3. What term describes the remaining level of unemployment that occurs even when the economy
is healthy? (1 pt)
1. The primary factor in determining whom to count as unemployed is that the
person be actively seeking employment. “Wanting a job” is not enough to be
counted as unemployed. People are considered not in the labor force if they are
not working and are not actively seeking work.
2. Cyclical unemployment will rise when the economy is not doing good and is in a
state of recession. Because at the time of recession the firms will hesitate from
hiring people. An decrease in labor demand would cause leftward shift in the
demand curve, reducing employment
3. Natural rate of employment is the level of unemployment that exists even when
the economy is stable is referred to as natural rate of unemployment. This
unemployment results from the combination of economic, social, and political
factors that occur when economy is stable and growing strongly.