THE PHILIPPINE

LABOR MARKET
 LABOR SUPPLY AND POPULATION GROWTH

Labor Force
-refers to the total number of people identifies as
employed and unemployed.
Population Growth
-is the increase in the total number of human being in
the country.

Census
-locally conducted once every
five years by the Philippines
Statistics Authority (PSA)
 𝑳𝒂𝒃𝒐𝒓 𝒇𝒐𝒓𝒄𝒆
Labor force participation rate= X 100
𝑾𝒐𝒓𝒌𝒊𝒏𝒈 𝒂𝒈𝒆 𝒑𝒐𝒑𝒖𝒍𝒂𝒕𝒊𝒐𝒏

-approximates the percentage of the population that is

actually part of the labor pool.
 UNEMPLOYMENT AND WAGES

Unemployment Rate
-measures the percentage of individuals in the
labor force who do not have a job.

𝑼𝒏𝒆𝒎𝒑𝒍𝒐𝒚𝒎𝒆𝒏𝒕
Unemployment rate=
𝑳𝒂𝒃𝒐𝒓 𝒇𝒐𝒓𝒄𝒆
X 100
 TYPES OF
UNEMPLOYMENT
 FRICTIONAL UNEMPLOYMENT

-is temporary unemployment that is a result of

people being in between jobs or being in transition.
 STRUCTURAL UNEMPLOYMENT
-unemployment that results from technology
changes and upgrades that require specialized
skills.
 FRICTIONAL
CYCLICAL UNEMPLOYMENT

-caused by the upturn and downturn in the business

cycle.
 SEASONAL UNEMPLOYMENT
FRICTIONAL

-happens in industries with peak and lean seasons.

Use the given data to calculate the labor force,
unemployment rate, and labor force participation
rate.
Given:
Employed individuals-35 800 000
Unemployed individuals-8 500 000
Working age population-50 000 000
1. Labor Force
2. Unemployment rate
3. Labor force participation rate