1st Quiz Finals
according to the national census and statistical survey it is those members of the labor force wanted to work and are looking for work or not looking for work because they believe no work is available or because of dump illness or any other illness or because of other valid reasons.
unemployed
according to the national census and statistical survey it is are those who are working but express the desire for additional work this problem happens because their skills are not the ones that are needed for the job opening
underemployed
the population of 15 years old and over in july 2020, 2019, and April 2020
74,061
72,446
73,722
labor force participation rate
july 2020 -61.9
july 2019 62.1
april 2020 55.6
employment rate
july 2020 90
july 2019 94.6
april 2020 82.3
underemployment rate
july 2020 17.3
july 2019 13.6
april 2020 18.9
unemployment rate
july 2022 10
july 2019 5.4
april 2020 17.7
unemployment is usually categorized as
seasonal
technological
cyclical
this type of unemployment is that which occurs during certain periods resulting from reductions and demands for labor attributed either to the seasonal pattern of consumers habits and customs or to variation in product associated with climatic change
seasonal unemployment
this type of unemployment is which is a consequence of labor displacing inventions it has been observed that industrialization thoughts of as the vehicle to progress was capital intensive and import substituting
technologically unemployment
this type of unemployment is a result of recurring depressions
cyclical unemployment
causes of unemployment
-change of season
-introduction of new labor saving machines
-lack of adequate technical training in education
-continual changes in the nation's pattern of demand product
-individual cases like an apple or unwilling to perform work
-lack of opportunities due to the rapid population growth