Lesson-on-Philippine-Labor-Market-2nd-qtr.pptx

A lesson about Labor Market

1. THE PHILIPPINE MARKET

2. MELCs: A nalyze the effects of contemporary issues such as migration, fluctuations in the exchange rate, oil price increases, unemployment, peace and order, etc. on the purchasing power of the people ABM_AE12-Ie-h-8 LEARNING OBJECTIVES: Learn the role of the Central B ank and how monetary works ; Discuss the labor force and its relationship with population growth ; and Value fairness in all economic transactions in the country.

3. WARM UP! MY MONEY, MY BUDGET Directions: Make a list of purchase on how you budget your money while in school. The students will share their output in class. TOTAL MONEY:___________________ PURCHASE AMOUNT OF BUDGET 1.   2.   3.   4.   5.  

4. BOARD WORK- CAUSE AND EFFECT Directions: Write the effect of the following social concerns in the 21 st century Philippines.

5. The Philippine market It refers to the economic environment in the Philippines where buyers and sellers engage in the exchange of goods, services, and financial instruments. It encompasses various industries, sectors, and types of transactions that contribute to the country's economic activity. The Philippine market is characterized by a diverse range of products and services, catering to both domestic and international consumers.

6. LABOR FORCE Labor generally refers to the physical and mental effort exerted by individuals to produce goods or services. It is a fundamental factor of production alongside land and capital, playing a key role in the economic process Market for labor and division for labor Factor of Production Human Resources Compensation Productivity Physical and Mental Effort

7. Employed. Individuals who have jobs either full-time or part-time capacity. Unemployed. People who are presently looking for a job, workers who are temporarily laid off but are willing to be called back for a job, and applicants who are about to start a new job. Underemployed. Workers who are better skilled than what their current jobs require. There is mismatch in skills and capabilities or there is over qualification

8. TYPES OF UNEMPLOYMENT Frictional unemployment. Temporary unemployment that is the result of people being in between jobs or being in transition . Structural unemployment. Result from technology changes and upgrades that require special skills. Also driven by location and proximity Cyclical unemployment. Caused by the upturn and downturn in the business cycle. Seasonal unemployment. Happens in industry with peak and lean seasons.

9. POPULATION GROWTH It is the increase in the number of people in a population or dispersed group. It is a key demographic indicator that influences the size and structure of a population. birth rates, death rates, immigration, and emigration natural increase (births minus deaths) and net migration (immigration minus emigration)

10. Immigration vs Emigration DEFINITION REASONS IMPACT Immigration is the act of individuals moving into a country with the intention of establishing permanent residence or, in some cases, temporary residence. People immigrate for various reasons, including better economic opportunities, improved living conditions, political asylum, family reunification, or to escape persecution in their home country. Immigration can contribute to the cultural diversity and economic growth of the receiving country. Immigrants often bring new skills, perspectives, and contributions to the labor market. Emigration is the act of individuals leaving their home country to settle permanently or temporarily in another country. Emigrants may leave their home country for reasons such as economic hardship, lack of opportunities, political instability, or seeking a better quality of life elsewhere. Emigration can have both positive and negative effects on the home country. While it may alleviate population pressure, it can also lead to a "brain drain" if skilled individuals leave, impacting the home country's workforce and development.

11. OVERSEAS FILIPINO WORKERS Filipino nationals who work in foreign countries, either temporarily or permanently, to seek employment opportunities and better economic prospects. OFWs play a significant role in the Philippine economy by contributing to foreign exchange earnings through remittances and gaining international work experience. Remittances Sectors of Employment Government Support Challenges and risks Legal Framework Skills and Professions Social Impact Return and reintegration

12. Task 3 Comparison Directions: Using Venn Diagram below, give a brief comparison of the labor migration and OFWs. Each group will be given time to present their output in the class. LABOR MIGRATION OFWs Rubrics: 10 pts. Content 10 pts. Presentation 20 pts. Total

13. Task 4 MY PRIORITIES IN LIFE : Directions: With money being use in any economic transactions, rank the following economic goods according to your human needs and wants. 1 is the most important and 8 is the least important. Economic Good Rank Cellphone   Bicycle   Tablet   Branded Shoes   Eating Samgyup Foods   Expensive Clothes   K-Pop Accessories  

14. Quiz-types of unemployment Frictional unemployment Structural unemployment Cyclical unemployment Seasonal unemployment 1. What type of unemployment is characterized by a temporary period of job transition as individuals move between jobs? 2. Which type of unemployment arises from a mismatch between the skills of the workforce and the requirements of available jobs due to long-term economic changes?

15. Quiz-types of unemployment Frictional unemployment Structural unemployment Cyclical unemployment Seasonal unemployment 3. During economic downturns or recessions, what type of unemployment tends to increase due to decreased demand for goods and services? 4. In which scenario are individuals temporarily unemployed due to fluctuations in demand based on the time of year?

16. Quiz-types of unemployment Frictional unemployment Structural unemployment Cyclical unemployment Seasonal unemployment 5. It is a voluntary job transitions. 6. Which type of unemployment may result from technological advancements leading to a mismatch between old and new skill requirements?

17. Quiz-types of unemployment Frictional unemployment Structural unemployment Cyclical unemployment Seasonal unemployment 7. It is the unpredictable fluctuations of demand. 8. During economic expansions, which type of unemployment tends to decrease as businesses expand and hire more workers?

18. Quiz-types of unemployment Wage salary Compensation income 9. Which term is often associated with wages paid on an hourly basis and is directly tied to the number of hours worked? 10. Payment typically expressed as an annual figure and not directly tied to the number of hours worked?

19. Thank you!