PHILIPPINE LABOR MARKET

A labor force of 20 million people has 18.5 million people employed. Find the unemployment rate.

• 10%

• 8.5%

• 7.5%

• 6%

If operators are fired and replaced with computer technology, the operators would be considered

• frictionally unemployed

• structurally unemployed

• cyclically unemployed

• dissatisfiededly unemployed dissatisfiededly unemployed

Who are people who are jobless, actively seeking work, and available to take a job?

• unemployed

• employed

• discourage workers

• retired

The unemployment rate will drop if

• A person is hired into a new job

• Someone who was previously laid off is rehired

• An unemployed person stops looking

• ALL of these answers are CORRECT

Which of these people is officially unemployed

• A secretary who took 6 months off for maternity leave

• An aspiring actress who waits tables but would rather act

• Maid who got fired and will start a new job in 2 weeks

• A student who only works 4 hours a week in the library

When the economy enters into a recession this type of unemployment emerges

• seasonal

• structural

• cyclical

• frictional

Jeff was replaced by a computer. He is experiencing what type of unemployment?

• seasonal

• cyclical

• frictional

• structural

Sarah is a forty year old investment banker who was laid off six months ago. She decided to switch careers and has spent those six months figuring out what to do next instead of applying for jobs in the banking industry.

• Frictioanal

• cyclical

• seasonal

• structural

Hannah is a teacher who took two years off from teaching to earn her Ph.D. However, she is having a hard time re-entering the profession because all of the districts near her have instituted hiring freezes as a response to the recent economic downturn. Hannah is experiencing

• structural

• frictional

• seasonal

• cyclical

A taxi driver in Athens is laid off because the taxi company he works for is losing business to Uber and Grab. What type of unemployment is he experiencing?

• seasonal

• structural

• cyclical

• frictional