Issues in Philippine Employment

Question 1

measures the number of people actively looking for a job as a percentage of the labor force.

Answer 1

unemployment rate

Question 2

workers who want to have more working hours in their current job, or other opportunities .

Answer 2

underemployed

Question 3

defined as the minimum amount of remuneration

Answer 3

minimum wages

Question 4

key policy-making body on wages, incomes, and productivity,

Answer 4

National Wages and Productivity Commission

Question 5

NWPC mandated under

Answer 5

Republic Act No. 6727 or the Wage Rationalization Act (1989) and
Republic Act No. 6971 or the Productivity Incentives Act of 1990

Question 6

wages adjusted for inflation

Answer 6

real wages

Question 7

quoted price on the job offer or the reported amount of salary with no adjustment to inflation.

Answer 7

nominal wage

Question 8

refers to a theoretical income level that allows individuals or families to afford adequate shelter, food, and other necessities.

Answer 8

living wage

Question 9

jobless, able and available to work

Answer 9

unemployment