Location via proxy:   [ UP ]  
[Report a bug]   [Manage cookies]                
Scribd Logo
Upload

Welcome to Scribd!

  • 1 views

    Research Paper (Roy)

    Uploaded by

    caraganjoy17

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Research Paper (Roy)

    Uploaded by

    caraganjoy17
    1 views1 page

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    1 views1 page

    Research Paper (Roy)

    Uploaded by

    caraganjoy17

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    Research Paper

    "Unemployment"

    The Philippines' unemployment rate fell from 7.4% in October to 6.5 percent in November, the
    lowest since the COVID-19 pandemic began, according to the Philippine Statistics Authority. More than
    420,000 Filipinos will be lose their jobs in 2020 as a result of COVID-19 according to Department of Labor
    and Employment(DOLE). The number of people who lose their jobs nearly doubled between January
    2021 and January 2022. By January, the number of jobless from filipinos has increased from 2.4 million
    in January 2020 to 4 million. According to recent data, the country's jobless rate increased by 8.75
    percent during the first quarter of 2021. Nobody can adequately prepare for a circumstances like this.
    Unemployment has a mental and emotional consequences in addition to affecting a households
    economic stream. The National Center for Mental Heath (NCMH) reported that during the early stages
    of epidemic, the number of calls to its suicide hotline more than doubled, with issues such as
    unemployment and financial insecurity being mentioned as worries.

    The Social Security Act of 2018 mandates the government to provide unemployment benefits to
    private sector employees who were involuntarily separated from employment. Unemployment benefit
    is also referred to as unemployment insurance or involuntary separation benefit. 1161. An act to create
    a social security system providing sickness, unemployment retirement, disability and death for
    employees.3466. An act to provide maximum employment in public economic development projects,
    creating and emergency employment administration and for other purposes. Self-employment,
    women's self-employment, skill training for job advancement, and the urban wage employment
    program were all featured. The federal government contributes 75% of the expenditure, while the state
    government contributes 25%.

    Employment is a natural process that necessitates a number of economic factors from both the
    public and private sectors. Furthermore, employment is more of an outcome of a larger process
    involving product and service supply and demand. Students, however, have no power over them.
    Starting a business and hiring people is the simplest and most direct way to alleviate unemployment.
    Even for adults with enough experience and capital, this path is dangerous and demanding. The unusual
    approach is to create a product or service that radically disrupts an industry (like Google and Facebook
    have done) and then grow from there. An indirect method is to encourage economic and business
    interests in high-unemployment areas in some way. This can be accomplished by locating key
    transportation hubs (such as LRT stations or bus stops) or significant corporate districts (such as malls) in
    those locations.All of these items are out of reach for the typical student. They are, nevertheless, a
    useful guideline of the possibilities open to you if you wish to take the matter seriously.

    You might also like