labor force

underemployment

The total number of people in an economy who are unwillingly working in low-skill and low-paying jobs or only part-time because they cannot get full-time jobs that use their skills.

labor force

It is the number of people who are either working or actively looking for work.

labor force

Defined as the sum of the employed and the unemployed.

philippine statistics authority

responsible for collecting, compiling, analyzing, and disseminating statistical information.

frictional

temporarily between jobs, often due to transitioning from one position to another, entering the workforce for the first time, or re-entering after a break.

frictional

refers to the short period of being unemployed for the purpose of matching one’s skills, work value, and specialization to a particular job.

structural

mismatch between the skills of workers and the demands of employers often due to technological advancements, changes in the industry, or shifts in the economy.

structural

Jobs becoming outdated/obsolete due to a skill set that is no longer useful.

cyclical

fluctuations in the economy, particularly during periods of recession or economic downturn, when demand for goods and services decreases, leading to job losses.

cyclical

oversupply of the labor market not getting hired because firms will only employ so much.

seasonal

predictable and regular fluctuations in demand for labor associated with specific seasons or times of the year.

seasonal

temporary unemployment during certain periods when demand for labor is lower, and it is expected to be followed by reemployment when demand picks up again.

brain drain

movement of certain professionals from one area to another to look for work or a better standard of living. 

brain gain

The influx of skilled or educated individuals into a country or region.

LFPR

Percentage of the adult population that is in the labor force.

UR

Percentage of the labor force that is unemployed.

discouraged workers

Individuals who have tried finding a job but gave up after an unsuccessful search