THE RELATIONSHIP BETWEEN ECONOMIC GROWTH AND UNEMPLOYMENT
Unemployment is one of the most important problems of the Philippines which serve as an indicator when a country’s economy is weak. Unemployment has a relation to the economic growth of a country where when a country has a high unemployment rate , the country does not capable to sustain economic finances because the import and export of the good and services are going to decline because the funds of the government can be gain through the taxes from the goods and service. So if the government do not have source of income they cannot build infrastructures like buildings that helps our country to improved. Additional more unemployed people can result in economic problems that may lead to Economic failure. Since Filipinos are unemployed our production rate will go down due to the fact that our resources are wasted or unusable which can lead to a decrease in the products we produce that we can import abroad.
But First Let us define what is Economic Growth? Based on Wikipedia, “Economic growth can be defined as the increase in the inflation-adjusted market value of the goods, and services produced by an economy over time. Statisticians conventionally measure such growth as the percent rate of increase in real gross domestic product, or real GDP. Economic growth can be measured by a country’s Gross Domestic Product or also known as (GDP); it is defined as the total market value of all final goods and services produced within a country in a given period. According to Investopedia, They define Economic Growth is an increase in the production of goods and services over a specific period. To be most accurate, the measurement must remove the effects of inflation.
What is Inflation?
According to the website of Financial Express, Inflation refers to the rise in the prices of most goods and services of daily or common use, such as food, clothing, housing, recreation, transport, consumer staples, etc. Inflation measures the average price change in a basket of commodities and services over time. The opposite and rare fall in the price index of this basket of items is called ‘deflation’. Inflation is indicative of the decrease in the purchasing power of a unit of a country’s currency. This is measured in percentage.
What are the effects of Inflation?
The purchasing power of a currency unit decreases as the commodities and services get dearer. This also impacts the cost of living in a country. When inflation is high, the cost of living gets higher as well, which ultimately leads to a deceleration in economic growth. A certain level of inflation is required in the economy to ensure that expenditure is promoted and hoarding money through savings is demotivated.
Based on Corporate Finance Institute, Unemployment is a term referring to individuals who are employable and actively seeking a job but are unable to find a job. Included in this group are those people in the workforce who are working but do not have an appropriate job. Usually measured by the unemployment rate, which is dividing the number of unemployed people by the total n u mb e r o f p e o p l e i n t h e w o rkf o rc e , u n e m p l o y m e n t s e r v e s as one of the indicators of a country’s economic status. A cc o r d i n g t o M a s t e rc l a s s , T h e y d e f i n e U n e m p l o y m e n t as a person who is someone of working age (16 and up), jobless, able and available to work, and actively looking for a job. This means anyone without a job who is reaching out to contacts about jobs or applying to positions.
SECOND, LET US DEFINE WHAT UNEMPLOYMENT IS?
In the Year 2000, the Philippines was considered as the fastest growing economy in Asia due to its performance that makes the country increase its Growth Domestic Product (GDP) from the recent decade of the Philippines economy. Why are the Philippines considered the fastest growing economy in Asia? According to the article by Manny V. Villar (2019) entitled, ‘PHL one of the fastest-growing economies’ The Philippines remains one of the fastest- growing economies in Southeast Asia and will continue to enjoy the status in the coming years because of our improving macroeconomic fundamentals. While our gross domestic product (GDP) growth slowed to a four-year low of 5.5 percent in the second quarter of 2019, most of our Asian neighbors were expanding below 4 percent. Only Vietnam grew at a faster rate than we did in the previous quarter. According to the website of Asian Century Institute (2020), “But the Philippine economy has come a long way over the past couple of decades.
Philippines as the fastest growing economy in Asia
It has enjoyed solid economic growth. Philippines’ lives are improving. The Philippines has decisively thrown off the nickname of the sick-man of Asia. And the Philippines now has great potential to become one of the success stories of the Asian Century, especially if it draws some lessons from its neighbors. Based on the article, the Philippines is considered as the fastest growing economy in Asia due to its improving Gross Domestic Product (GDP) from the recent decade of the Philippines economy.”.
But the continued growth of the country’s economy was suddenly overshadowed by the pandemic on March 17, 2020; Our President implemented what we call the Enhance Community Quarantine in the Philippines which this preventive measure wants to limit the people who are going out from their home through these preventive measures it helps to prevent the spread of infectious diseases. This pandemic, we are experiencing have a huge
impact on the growth of our economy as it causes our Gross Domestic Product in t he year 2020 to drop to -9.5 which is the lowest Gross Domestic Product in the history of the Philippines, It is due to the limited of people or the worker who are going at their work and many people are being unemployed because their business nor a company is going to be closed and other factors that might affect the Gross Domestic Product of the Philippines . In the short run, the relationship between economic growth and the unemployment rate may be a loose one. It is not unusual for the unemployment rate to show sustained decline sometime after other broad measures of economic activity have turned positive. Hence, it is commonly referred to as a lagging economic indicator. One reason that unemployment may not fall appreciably when economic growth first picks up after a recession’s end is that some firms may have underutilized employees on their payrolls because laying off workers when product demand declines and rehiring them when product demand improves has costs.
As a result, employers may initially be able to increase output to meet rising demand at the outset of a recovery without hiring additional workers by raising the productivity of their current employees. This temporarily boosts labor productivity growth above its trend (long- run) rate. U n e m plo y m e n t h as re m a i n ed h i g h i n th e P h i l i pp i n e s , at a l m o s t t w i ce the level of neighboring countries, despite relatively fast employment growth in the past decade. Employment growth was not sufficient to reduce unemployment because of rapid population growth and increased labor force participation. The key policy implications are that higher economic growth and moderation of increases in the real minimum wage are required to reduce unemployment. According to the World Bank Philippine Development Report (2013), the elasticity of employment to GDP growth in the Philippines was very low during the period 1998 to 2010, particularly in agriculture and industry. This w as a l s o a ff i r m ed i n th e s tud y o f H a nu s ch ( 2013 ) w h ere th e outp u t growth-employment coefficients were weak and insignificant in two
different sub-periods. There were also studies confirming the significant relationship between unemployment a n d outpu t g r o w t h i n th e P h i l i pp i n e ec ono m y .
Unemployment can result in debt and poverty, and the government has to take care of these people, hence welfare spending would also increase at the same time. In cases where unemployment is very high, there would be a budget deficit, due to a combination of the two, loss of tax revenue and increased welfare spending. This would result in the government having a limited budget to spend on the many areas as well as decreased spending on public and merit goods. It might also burden the employed since the government might increase tax rates to boost tax revenue.
When the Unemployment rate rises it has a negative impact on our economy which when unemployment is high, It can lead to a decrease in the economic growth of one's country , so the Philippine Government is still striving to lessen the number of unemployed people here in the Philippines through this process the Philippines Econom y are going to increase.
It is Important to a country to resolve the problem in Unemployment , in order t o increase its Gross Domestic. Since there are dependent relationship between the unemployment and Economic growth of the country. According to the website of lumen learning, when unemployment rates are high and steady, there are negative impacts on the long-run economic growth. Unemployment wastes resources, generates redistributive pressures and distortions, increases poverty, limits labor mobility, and promotes social unrest and conflict.
The researchers seek to find the solution for this study entitled "The Relationship between Economic Growth and Unemployment" which the researchers aim to find solutions for Unemployment on how to lessen to improve the economy of the Philippines. The Main Purpose of this study is to provide information on how unemployment affects the status of the Philippines Economy. This study aims to inform the readers especially the Students to know the Impact of Unemployment on our Economy and what are we going to do to decrease the number of Unemployed people .
It also helps the Future Entrepreneurs so that they are informed about the present status of our economy because Entrepreneurs can offer Jobs to other people since they are considered the Market Leader in the economy.
STATEMENT OF THE PROBLEM
Why does the Philippines have High Unemployment Rate?
According to the Philippine Statistics Authority (PSA), joblessness soared to 17.7 percent in April, about a month into a sweeping lockdown that saw the country closing off its borders and imposing strict shelter-at-home restrictions. National statistician Claire Dennis Map said at least 7.3 million Filipinos had no jobs in April, mostly as a result of one of Asia's strictest lockdowns to curb the outbreak. The highest unemployment rate previously recorded was 14.4 percent in the second quarter of 1991. At the end of last year, unemployment stood at a record low of 4.8 percent. Due to the pandemic that we are experiencing most Airlines were grounded as domestic and international flights were cancelled. Sea travel, except for services transporting essential goods, was also halted. Most firms wound down and sent workers home, as mass public transport was suspended. No wonder the Philippine economy was brought to a sudden halt.
Unemployment in the Philippines is due to several factors like educational attainment, overpopulation, an oversupply of the working population mostly on sectors, and the inability to accept available jobs. The Philippines has a high population growth rate at an average of 1.7% for the past few years, consistently higher than the world's population growth rate at an average of 1.2%. The high population growth rate which translates to a steady supply of graduates outstrips the rate at which jobs are created, leaving these graduates finding themselves unemployed. Undergraduates are still taking up college courses that are popular but were previously high in demand. After graduation, these graduates possess skills that are not high in demand in the job market. As such, there is a skill mismatch. For example, in the healthcare industry, nurses were previously in demand abroad. Many undergraduates took up nursing and soon supply matches demand. However, the country's education system continues to produce college graduates who have taken up nursing. As supply increases above demand, there is an oversupply of labor. As a result, these graduates are unemployed. Educational attainment can be a factor of Unemployment where other jobs require educational attainment which the applicant must be a college graduate. Most of the companies here in the Philippines are referring to the standards of the applicant based on whether he/she graduated and where he/she graduated.
Based on the result of our survey that the question is do you have a job? We have 10 respondents according to their response. 6 respondents are unemployed and the remaining four are employed, we asked them another question. This question is if they have a job what is their profession and when they do not have a job do they have sidelines like sari-sari store, among the 6 respondents that do not have a Job, 3 of them have sideline job on their sidelines are Certified English Teacher that tutors students, Freelance Graphic Designer at the owner of Boutique shop this information enlighten us that despite being an unemployed person they are still finding a solution so that they can still be a source of income. According to the results of what they think is the main reason for Unemployment, Most of them answered Educational attainment We all know that our country is an overpopulated country and as our population continues to grow, many people are also suffering from poverty, so 1many people are unable to take college due to their lack of income that causes by their children are not able to take college. Most young people prefer to just work than to continue their education. So Lack of Educational Attainment can affect their searching for a job if we notice that most of the companies they are looking for applicants are college graduates and not just High School graduates because they would rather choose the degree holder than the High School Graduate.
With the help of the opinions of the respondents, we can gather information about what are the main factors that cause High Unemployment in the Philippines. From the information, we gathered we clarified that unemployment is still really one of the problems of our country where the main cause according to our respondents is Lack of Educational Attainment. We are also amazed to the people that do not have a job but they gave a source of income that can help their family
What are the factors that might affect the Economic Growth of the Philippines?
According to the research of Prateek Agarwal, six factors might affect the economy First is Natural Resources The discovery of more natural resources like oil, or mineral deposits may boost economic growth as this shifts or increases the country’s Production Possibility Curve. Other resources include land, water, forests, and natural gas. Realistically, it is difficult, if not impossible, to increase the number of natural resources in a country. Countries must take care to balance the supply and demand for scarce natural resources to avoid depleting them. Improved land management may improve the quality of land and contribute to economic growth. Two is Physical Capital or Infrastructure increased investment in physical capital, such as factories, machinery, and roads, will lower the cost of economic activity. Better factories and machinery are more productive than physical labor. This higher productivity can increase output. For example, having a robust highway system can reduce inefficiencies in moving raw materials or goods across the country, which can increase its GDP. Three is Population or Labor A growing population means there is an increase in the availability of workers or employees, which means a higher workforce. One downside of having a large population is that it could lead to high unemployment. Four is Human Capital an increase in investment in human capital can improve the quality of the labor force.
For example, investing in STEM students or subsidizing coding academies would increase the availability of workers for higher-skilled jobs that pay more than investing in blue-collar jobs. Five is Technology another influential factor is the improvement of technology. The technology could increase productivity with the same levels of labor, thus accelerating growth and development. This increment means factories can be more productive at lower costs. Technology is most likely to lead to sustained long-run growth. Six is Law An institutional framework that regulates economic activity such as rules and laws. There is no specific set of institutions that promote growth.
This increase in quality would result in an improvement in skills, abilities, and training. A skilled labor force has a significant effect on growth since skilled workers are more productive.
Based on the result of the survey with the question, do they think that the economy of the Philippines is developing? There are a tie results in this part where 5 respondents voted yes, the Philippines economy is developing while the remaining 5 respondents answered no, the Philippines are not developing to support these results we asked the Respondents why they think are the Factors that might affect the Economic Growth of the Philippines. Most of the Respondents answered advancement of Technology which has advantage and disadvantage when the machinery in our country are high end or high-tech in the production of goods and services will be accelerated and increase there are expected increase in the production of goods and services that our economy may grow but the advancement of technology had an adverse effect in our economy, It can be associated in increasing unemployment because Machinery partake to the job of the People so many people will be unemployed because the company need only a few employees for the operation of the Machinery
From the occurrence of coronavirus, many businesses have closed due to bankruptcy, where the closure of these businesses has a huge impact on our country's economy so most of the respondents answered that our Economy will be decreased due to the Coronavirus. The Respondents gives an idea about the reason of declining's Philippine Economy they said that the following reasons are: temporarily closed of tourist attractions, Unable to export natural resources to the other countries, Lack of investments, Closure of Companies and Other reason that may decline our Economy. After a Huge Breakdown in our Economy, Most of the Respondents are still hoping that the Philippines can cope up after declining our Economy.
How does the Government resolve this kind of problem in Unemployment?
Based on the oxford business group new job opportunities have accompanied economic growth in the Philippines, but unemployment remains relatively elevated. However, wage growth remains stubbornly slow, representing one of the most significant challenges facing the country’s labor market. Indeed, gains in productivity have easily outpaced real wage growth, which has stagnated over the previous decade. It indicates that the Philippines is still running out of employment but how can they resolve it? Is it possible, we've just seen an article on just how to resolve the unemployment here in the Philippines and this appears, " Full development of small-scale, labor-intensive industries, Choosing appropriate labor-intensive technologies of production, creating a more direct link between education and employment, Reduce rural migration, Remove capital intensive bias, Employment strategy package?
And by these DOLE address a solution based on DOLE or the Department of Labor and Employment, they decisively help address the problem by promoting and implementing job creation facilitation programs, such as the delivery of correct, relevant, and updated labor market information. Then a program called TESDA built a helping bridge worker to employment through the major programs. Those are the Training for Work Scholarship Program (TWSP), Industry-based TWSP (I-TWSP), Private Education Student Financial Assistance (PESFA) Program, Skills Training for the Youth and the Ulama. By all of these programs, the unemployment rate will decrease and more than hundreds of thousands of people will re-employed. The government with the help of different sectors especially DOLE and its co sectors and its very own programs helps the Philippine economy grow and more job programs.
Based on the result of the survey with the question, Do they think that the Government has a responsibility to resolve the problem of Unemployment? All of the Respondents answered that the Government have a responsibility to resolve this kind of problem The Department of Labor and Employment is a government sector handling and promoting employment here in the Philippines where we surveyed the question of how does the DOLE resolves unemployment in the Philippines. Most of their answer is Giving Job Opportunities to High School Graduate and Undergraduate Students. This kind of solution to unemployment helps to lessen the number of Unemployment in the Philippines. Most of the Respondents said that the Philippines Sectors are capable to resolve the Problem in Unemployment.
How Governance Affect Economic Growth
According to the Study by Mira & Hamadache (2017). Good governance in the definition of the World Bank is the capacity of management and institutional reforms conducted by a state policy that improves coordination and delivery of effective public services, accountability of political actors, and individual citizens in the driving of development policies. Good governance, therefore, connects adequate political institutions and practices to allow development. Several econometric studies tested the relationship between good governance in the sense of "market-enhancing governance" (stimulus institutions contract): a positive relationship has been obtained between good governance and economic growth. Then implementation of good governance policies can promote economic development and ensure convergence towards the level of developed economies.
According to the World Bank, good governance is evaluated by the implementation capacity of governance principles of a country, providing a framework for market development and economic growth. Several econometric studies tested the relationship between good governance in the sense of "market-enhancing governance" (stimulus institutions market) which showed a positive relationship between good governance and economic growth. However, a good governance policy allows developing countries to achieve minimum economic growth and political reforms to reach a level of development similar to that of industrialized countries. Can good governance explain economic performance? A ccording to Mushtaq KhanĹ thesis, are reforms of economic structures and government capabilities the first step to improve the economic performance of developing countries, and in a second step to allow economic growth to enhance good governance? Following several works of neo-institutionalist economists ĺ on the relationship between economic growth and good governance two divergent theories of “state failure” in developing countries have emerged:
The first thesis (market Enhancing governance), defended by neo-institutionalist authors, considers the state as having a sovereign role and being a welfare state. Economically, the proper functioning of markets is correlated to the proper functioning of institutions through the efficient practice of state governance, what is commonly called “good governance”. Therefore, underdevelopment and low economic growth performance of countries could be explained by “state failure” due to the increase in corruption, instability of property rights, market distortions, and lack of democracy. The second thesis (growth Enhancing governance) developed in particular by Mushtaq Khan and partly by Dany Rodrik, concerns the ability of the state to implement social change and pursue a voluntary policy of economic development: The transition of developing countries towards a capitalist system comparable to that of developed countries, cannot operate without the establishment of efficient institutions with distribution of political power in such countries. Conversely, those countries would face state failure as a result of a mismatch between institutions and an economic policy of development.
Based on the result of the survey with the question, Does Governance can affect Economic Growth. All of the Respondents said that Governance can affect the Economic Growth of one’s country and among the Respondents said that the benefits of having Good Governance will lead to having a better economy. According to the perspective of the respondents that if they think the Philippines have better governance, the result from these questions is a tie because 5 respondents said that the Philippines have a better economy while the remaining respondents said no, the Philippines doesn’t have a Better Economy. While we also ask them If the governance affects in a good or bad way, The results are also tied because 5 respondents said it affects in a good way while the other said it affects in a bad way to support their answer we have any additional questions for them if the governance effects in a good way, why do they think it affects positively. The answer of the respondents for the particular question is: It minimizes unemployment, increases public support, and helps simply. In contrast to the other question stated that if the Governance affects in a bad way, why do they think affects it negatively, the answer of the respondents is they may have unstable decision making, increase unemployment and bring down the whole economy.
What can we do to improve the Philippines economy?
The economic news coming from the Philippines is surprisingly positive, and this has not gone unnoticed in international circles, judging by the number of inquiries us—the World Bank economic team in Manila that I am now leading—are getting. However, the economy faces two challenges going forward: it will need to defend itself against a global slowdown, and it will also need to create a more inclusive growth pattern—one that creates more and better jobs because performance on job creation has not been part of the positive news coming from the Philippines for quite a while now. While the economy has proven quite resilient during previous global crises, the current European debt drama and the slowdown in China will undoubtedly also affect the Philippines. Vulnerability to external shocks is moderated by a current account in surplus, international reserves at very comfortable levels, a flexible exchange rate, and a banking sector that is not unduly exposed to foreign liabilities. These are good first lines of defense. The second line of defense will need to come from higher productivity and improved competitiveness.
In short, Filipino labor needs more capital. Only then will growth become more inclusive, and create more and better jobs. That capital needs to come from the government investing more in infrastructure and education, and it needs to come from businesses investing more; businesses, both large and small. First, you need to create fiscal space, i.e. you need to raise more revenues so that you can continue to spend more on infrastructure and public services even during a global downturn. But raising public revenues has been a perennial problem for the Philippines. And second, to remain competitive in a more difficult global environment, and to allow more businesses to grow and create jobs, you need an improved investment climate, so that firms of all sizes can thrive and produce the jobs needed. For instance, the country still has its work cut out for itself on reducing the cost of doing business and addressing infrastructure bottlenecks.
However, the current administration is committed to getting the job done, and not afraid to tackle corruption and vested interests at the highest levels in its quest to achieve inclusive growth. When commitment, opportunity, and necessity align, as they do now, the chances for success look as good as they have ever been. If I am right, the Philippines would beat the global trend, and become the next success story. Based on the result of the survey the researchers conducted a survey with a question of as a member of the society, what they think are the best way that we can do to improve the Philippines economy. The answer of the Respondents is we have to support local businesses, preserving our environment, less the thing that can drop the economy, Be responsible and resourceful to help the economy of the Philippines. Through the answers of the respondents, we researchers pointed out that the development of the Philippines is still in the hands of every individual how we can grow our economy but there are still people who will do and will do something they do not want to do that can cause of the collapse of our economy so be disciplined, and we are smart individuals for the development of our country
Unemployment is one of the problems of our country which in the late 1990s until now where even the government does not know how to solve it. The increase in the unemployment rate has an associated impact on our country's economy which when the number of unemployed increases it will affect the growth of our country as our production of goods and services decreases due to the lack of skilled worker, Resources will be wasted, and other factors that can affect the production capacity of one’s country.
As time goes by, our population grows, the number of unemployed people also increases because every year there are new graduates in every university and they will look for jobs where there are no jobs. opportunities in our country since there is no job vacancy for them, In contrast, there are others who have vacancies but it is a mismatch to their ability or learned when they were in college that due to oversupply of the workforce it will be caused by high unemployment rate in our country but a not only oversupply of the workforce are the factors that can increase of our Unemployment there are several factors like Educational attainment and Lack of Knowledge. We all know that our country is experiencing poverty which is when a family is poor; parents may not be able to send their children to school. That some young people prefer to work rather than study to help their families to provide for their daily necessities in their home which can lead to unemployment. We admit it that most of the company they are looking for the applicant who is college graduate rather than High School Graduate that is the situation in our country where High School graduates do not have the opportunity to have formal Job that has at least eight working hours a day, few have jobs but they are considered as underemployed.
We will notice in the Filipino culture that even at the age of 18 years old and above it still depends on their parents if we compare it to the United States of America that when 18 years old above they become independent of their parents they are looking for a job through it he can provide for his own needs and it will no longer depend on his parents. The Government is responsible for reducing Unemployment; perhaps they are the ones whom one implementing laws. When the Unemployment rate in our country drops, our country will have economic growth. In our time where we are experiencing a serious problem in our country caused by the Corona Virus, perhaps too many Filipinos have lost their jobs because the companies they work for have closed so the rate of unemployment is being doubled since the pandemic start that has an adverse effect in out Economic growth. In which our Gross Domestic Product (GDP) has dropped to -9.5% this is the lowest GDP rate in the Philippine History but with this drop of the GDP rate, many Filipino’s are still hoping that our Economy will be rise again. After analyzing the results of the data gathered through surveying the method, the researchers conclude that there is a relationship between economic growth and unemployment. Unemployment in the Philippines is due to a variety of factors, such as educational attainment, overpopulation, an oversupply of the working population, particularly in industries, and the failure to accept available jobs. According to the result of the survey with the help of our respondents, the main reason for unemployment is Lack of Educational Attainment and this can affect them on finding jobs. We know that the Philippines is an overcrowded country and that, as our population continues to rise, many people are also suffering from poverty, so that many people are unable to take up college because of their lack of income, which causes their children to be unable to take up college. Many young people tend to work only, rather than continuing their studies
The Respondents gives an idea about the reasons or factors of declining's Philippine Economy they said that the following reasons are: temporarily closed of tourist attractions, Unable to export natural resources to other countries, Lack of investments, Closure of Companies, and Other reason that may decline our Economy. Governance can also affect economic growth in a good way and bad way, Good governance contributes to minimizing job unemployment, increasing public support and it helps even in a simple way. Bad governance contributes to unstable decision-making, brings down the whole economy, Corruption and increases unemployment. The government and DOLE (Department of Labor and Employment) should have to resolve the problem of unemployment by Giving Job Opportunities to High School Graduate and Undergraduate Students. The TESDA program has built a bridge between employees and jobs through major programs. These include Job Scholarship Training Program (TWSP), Industry-based TWSP (I-TWSP), Private School Student Financial Assistance Program (PESFA), Youth Skills Training, and Ulama . The unemployment rate will decline for all of these measures and more than hundreds of thousands of people. This kind of solution to unemployment helps to lessen the number of Unemployment in the Philippines.
The possible solution to improve the Philippine economy is we need to help local businesses, to protect our environment, less to the point that the economy will crash, Be responsible and resourceful for helping the economy of the Philippines. The Filipino labor force needs more money. Only then would development become more inclusive, generating more and better jobs. This money needs to come from the government to spend more on infrastructure and education, and it needs to come from companies that invest more; both large and small. The growth of the Philippines is still in the hands of each person how we can grow our economy, but there are still people who can do and will do anything they do not want to do, so they can be disciplined by the failure of our economy, and we are smart individuals for the development of our country.
Based on findings, it is recommended to reduce Occupational Immobility. Reducing occupational immobility is one possible solution that can be applied to the Philippines. There is an oversupply of workers and a good amount of graduates every year who fall into unemployment. By enlisting them in retraining courses, they can gain new skills that are necessary to garner them a place in the workforce. Also Subsidizing employers that employ unemployed workers can help address the problem of unemployment in the Philippines. However, this method can place a strain on the government budget, depending on how much subsidies the government provides. to achieve economic growth with adequate protection of the country's biological resources and its diversity, vital ecosystem functions, and overall environmental quality. The PSSD has for its core several implementing strategies. This is aimed at resolving and reconciling the diverse and sometimes conflicting environmental, demographic, economic and natural resource use issues arising from the country development efforts. The strategies are integration of environmental considerations in decision-making, proper pricing of natural resources, property rights reform, establishment of an integrated protected areas system, rehabilitation of degraded ecosystems, strengthening of residuals management in industry (pollution control),integration of population concerns and social welfare in development planning, inducing growth in rural areas, promotion of environmental education, and strengthening of citizen's participation and constituency building..
PRESENTATION AND INTERPRETATION OF DATA ANALYSIS
Do you have job?
Sales I Have I Do Not Have 4 6
This graphical representation shows if the respondents have a job or do not have a job. According to the Pie Graph, we can see on the right side of the graph there are a variety of colors that indicates whether they have a job or do not have one. According to the graph, the blue side illustrates that the respondent has a job while the red indicates that they do not have a job. As we can see in the graph, Blue has 40% out of 10 respondents, if we calculate the whole number the number of people that have a job is 4 out of 10 respondents, likely, the respondents do not care about the disease that can be caused by the pandemic we are experiencing and they just choose to work rather than stay in their home because when it is only in their home, their family will have no income. At this time of the pandemic, many families are experiencing a shortage of income. What they always in their mind is where they will get money to provide for their needs, so this is why they will work even if there is a contagious virus in our surroundings. The red has a percentage of 60% out of 10 respondents.
If we calculate it into a whole number the number of people that do not have a job is 6 out of 10 respondents. The possible reason why they are unemployed if we notice the impact of the pandemic on our country that will almost collapse our economy where many businesses were closed and went bankrupt this is the reason why many were unemployed during the pandemic. Perhaps the reason is in the employee where he/she wants to avoid the risk of infectious disease caused by the pandemic that we are experiencing which they prefer to stay at home and stay safe than to be infected by the disease.
If you have a job: What is you occupation?
If you have a job: What is your occupation? -6 responses Kitchen Supervisor Flight Attendant Selling Quality Controller Customer Service Financial/Collection Advisor
As an additional question, we ask the Respondents if they have a job, so what are their occupations. The Respondents said they are a Kitchen Supervisor, Flight Attendant, Quality Controller, Customer Service, and Financial / Collection Advisor. This Information from the respondents indicates that it is difficult to leave their jobs where they can earn a lot of money that will help their family to provide their daily necessities
If you do not have job: Do you have a sideline jobs?
Series 1 Certified English Teacher Freelance Graphic Designer Clothing Botique No Nope None Nothing 1 1 1 1 1 2 1
As an additional question, we ask the Respondents if they do not have a job: do they have sideline jobs. The Respondents said they are Certified English teacher that tutors students, Freelance Graphic Designer, and one respondent said that they have a business which is a clothing boutique but, other respondents said that they do not have sidelines. The information that we gathered from our respondents indicates that despite being unemployed they still have a sideline in which they are earning money for their family but, some of the respondents said that they do not have sidelines or source of income.
Do you think that unemployment is still a problem of our country?
Sales Yes No 10 0
This graphical representation shows the respondents' perspective about if unemployment is still a problem in our country. Based on the given question which, stated if Unemployment is still a problem in our country. According to the graph, the blue side indicates yes while the red corresponds to No. As we can see on the graph, the blue side has 100% where the respondents said that Unemployment remains a problem in our country. If we notice in the news articles, stated that many Filipinos lost their jobs not only during the pandemic but, also in the past years this is still one of the problems of our country only last year which is the year 2020 the number of unemployed who raised more than in the past years.
What do you think are the main reason of unemployment?
Sales Educational Attainment Over Population Over Supply of Labor Lack of Knowledge 5 4 1 0
These graphical representations show that why do they think are the main reason for Unemployment. As we can see on the graph, different colors indicate the reasons for Unemployment. Blue refers to Educational Attainment, Red refers to Overpopulation, Yellow refers to the oversupply of labor lastly, Green refers to Lack of Knowledge. According to the Graph, The Blue color has 50% out of 10 respondents, if we convert it into the whole number, the number of people who said that the reason for Unemployment is Educational Attainment are 5 out of 10 respondents.
If we notice that other jobs have required educational attainment, it is either a High School Graduate or College Graduate but, Mostly College Graduate is what other companies are looking for because maybe what companies are considering is the degree of knowledge that someone has a preference. They are preferred to choose the people that have a degree rather than the High School Graduate only. The Red color has 40% out of 10 respondents if, we convert it into the whole number, the number of people who said that the reason for Unemployment is Overpopulation is 4 out of 10 respondents. It indicates that if the country is overpopulated there are fewer jobs to support a large number of people. The Yellow has 10% out of 10 respondents if, we convert it into a whole number the number of people who said that the reason for unemployment is an oversupply of labor is 1 out of 10 respondents while the green doesn’t have a vote.
Do you think that the unemployment rises due to the covid virus pandemic?
Sales Yes No 10 0
These graphical representations show that do they think that Unemployment rises due to the Coronavirus or Covid-19. As we can see on the graph, there are a variety of colors that corresponds if unemployment rises due to the Covid-19. The Blue color indicates yes while Red indicates no. According to the data, we have gathered, the Blue color has a 100%, which means that Unemployment increased due to the Covid-19 Pandemic. If we notice our economy, many businesses and companies have closed down because of the pandemic we are experiencing in which many companies have closed down and gone bankrupt due to the rising unemployment rate of our country.
What do you think are the reason why unemployment rises due to corona virus pandemic?
As an additional question. We ask the Respondents what they think are the reasons why unemployment rises due to the Coronavirus. The Respondents said that the reasons are Health risk factors, Lack of Transportations, Reducing of Employees, Many businesses or companies need to stop their operations, lack of income of the company that cannot support paying the salaries of the workers, shutdown of the companies.
From your observations before the pandemic, Do you think that the economy of the Philippines is developing?
Sales Yes No 5 5
These graphical representations show that from their observations before the pandemic, do they think that the economy of the Philippines is developing. As we can see on the graph, there are a variety of colors that correspond if the Philippines are improving before the pandemic. The Blue color indicates yes while Orange indicates No. According to the data that we have gathered from our Respondents, the Blue color has 50% out of 10 respondents, if we calculate it into a whole number, the number of respondents said that the Philippines are developing are 5 out of 10 Respondents. While the Red color has the same percentage, which is 50% out of 10 respondents it is also the same with blue that has 5 out of 10 respondents. The reason why several respondents think that the Philippines is developing while others say that the Philippines will not be developed before the pandemic starts.
This is probably the Sustainable Development Goal (SDGs) is not yet fully accomplished in our country in which the objective of this goal is to end poverty in a country. This SDG has a time frame of 15 years which is why some respondents said that the Philippines is not developing. This is because the goals of the SDGs have not been fully implemented yet we may see these developments in the future while others said that our country is developing before the pandemic, this may be because other goals in the SDGs have already been implemented in our country.