Araling Panlipunan 10 - Unemployment Concepts

A situation where people of working age with skills and experience cannot find a job, or are currently looking for work but are not yet employed.

Unemployment linked to a weak economy; economic downturns decrease demand for workers, therefore increasing unemployment.

Unemployment occurs when wages are above the equilibrium level. Or job market surplus when supply of workers exceeds demand.

A person choosing not to work or seek employment.

Unemployment that fluctuates due to changes in the demand for certain jobs or industries.

Individuals with jobs but feel their work hours or income are insufficient. They may have less work hours than they'd like.

All those of working age who are able and willing to work.

The replacement of workers with technology in manufacturing.

An industry involving travel and leisure activities, contributing to the economy through visitor spending.

The production of crops, livestock, and other agricultural products.

The making of goods by hand or machine; in a factory.

Temporary unemployment; a worker looking for a new job or starting a new job.

Unemployment caused by a mismatch between available jobs and the skills of the workforce; major shifts in the labor market.

Reasons why people are unemployed such as lack of skills, availability, interest; poor economy, changes in technology or consumer tastes

The ability of a job seeker's skills to match the requirements of a job opening.

The qualifications, skills and experience needed to find a job.

Unemployment caused by a mismatch between available jobs and the skills of the workforce.

Inability of workers to move to locations with job opportunities due to financial or family ties.

Inability of workers to train for new jobs needed in the changing economy.

Reduction in factory-based jobs due to automation or shifting production.

Increased competition from foreign companies affecting local businesses.

Temporary employment without benefits or regular status.

Negative impacts on national economy, including slow growth, low wages and spending, increased competition, and difficulties in negotiating wages.

Reduced tax revenue, greater government spending, and potential political instability due to growing unemployment.

Globalization after World War 2, characterized by agreements among countries for international trade and finance, the creation of international organizations, and multinational corporations.

The early stages of global trade and cultural exchange, driven by early civilizations, trade routes, and empires.

Government policies related to labor and workers, covering their well-being from the beginning to the end of employment.

A network of trade routes connecting the East and West, facilitating the exchange of goods and ideas.

A period in globalization marked by rapid technological advancements, especially the proliferation of information.

Ancient Greek King who created a vast empire spanning Europe, Africa, and Asia, impacting trade and culture.

Italian explorer who travelled extensively along the Silk Road to China.

Meeting of world leaders in 1944, establishing agreements for international trade and finance.

Large corporations operating in multiple countries.

Expansion of trade and cooperation leading to global standards and policies through organizations like the EU, IMF, and World Bank.

Private sector businesses or ventures, including small stores, food stalls, and other small-scale operations.

Global interconnectedness, encompassing increased trade, investment, cultural exchange, and knowledge sharing among countries.

Social aspects of a community or family, including poverty, health problems, family conflicts, and crime.

Professional emigration from a country due to higher wages or opportunities elsewhere.

People of working age who cannot find employment despite actively seeking work

Government agency overseeing labor and employment in the Philippines.

Set of laws governing the rights and responsibilities of Filipino workers.

Tax credit for low-income earners, potentially leading to refunds or deductions.

Funding for reduced wages as a support mechanism, potentially during economic hardships

Actions addressing unemployment, including educational improvements, economic sector growth, and microfinancing.