LESSON 7: UNEMPLOYMENT

Question 1

refers to those who perform any work that is paid (including those
who are absent from work and on leave)

Answer 1

Employed

Question 2

refers to those
who are not performing any paid work but wish to do so

Answer 2

Unemployed

Question 3

refers to those working with the age of 15-60 years old and are
either working or looking for work,

Answer 3

LaborForce

Question 4

, refers to those who are capable of working with the age of 15-
60 but opt not to look for work.

Answer 4

Not in the labor force

Question 5

types of unemployment.

Answer 5

Frictional
Structural
Cyclical

Question 6

– unemployment due to the movement of people
between jobs.

Answer 6

Frictional Unemployment

Question 7

– mismatch between the qualifications of a
jobseeker/s and the job opening.

Answer 7

Structural Unemployment

Question 8

– unemployment due to overall low demand for labor
(economic recession/depression).

• This unemployment is due to the movement of the business cycle

Answer 8

Cyclical Unemployment

Question 9

. It is a situation where the employed individual wishes
to work more either because of surplus time or need to earn more income

Answer 9

Underemployment

Question 10

who are considered discouraged workers.
A person who wishes to have a job but is not satisfied with the current job
offerings, thus unemployed.

Answer 10

Voluntary Unemployment

Question 11

which is due to labor market administration. This falls under the company
that does not give the right salary and benefits to employees

Answer 11

Inflexible wages

Question 12

It may be under personal reasons why other people chose to be unemployed

Answer 12

Voluntary