• Based on the pictures presented,

they will analyze it based on the

following questions:
1. What can you say about the
pictures
2. What is it all about?
3. How is it related to our lesson?
 UNEMPLOYMENT RATE
• 2016 Annual Labor and Employment Status
- 5.5%
• 2017 Annual Labor and Employment Status
- 5.7%
• 2018 Annual Labor and Employment Status
- 5.3%
• 2019 Annual Labor and Employment Status
- 5.2%
 TYPES OF INVOLUNTARY
UNEMPLOYMENT
• CYCLICAL UNEMPLOYMENT
• DISGUISED UNEMPLOYMENT
• STRUCTURAL UNEMPLOYMENT
• SEASONAL UNEMPLOYMENT
• FRICTIONAL UNEMPLOYMENT
Do technological advances result in higher
unemployment?
• “An increase in the pace of technological change can have two
profound side effects in the labor market. It can increase the
rate and average duration of unemployment. Because firms may
not consider it cost-effective to retrain some types of workers to
keep up with change, notably the less-educated and older
employees, these workers may be jobless for long periods of
time, with some of them perhaps never working again. If
technological change causes workers to become unemployed
more often and for longer periods of time, not only will the level
of unemployment increase, but the “natural rate of
employment” the hypothesized minimum sustainable rate of
unemployment, will increase as well.
~ William J. Baumol and Edward N. Wolff, “Side Effects of
Progress”, Public Policy Brief, July 1998
 Illiteracy
• Illiteracy can be termed as the state of being illiterate. Should
people have not received education or if they have not risen
within healthy and appropriate condition in terms of cultural
level. Illiteracy has many serious effects on individuals as well
as society such as unemployment.
• In the first place, unemployment can be viewed as the most
remarkable outcome of illiteracy. There is a strong connection
between unemployment and illiteracy. If the numbers of
uneducated people increase, it would not be much of surprise
to see that unemployment is perhaps going to grow in coming
times.