F .

Bustamante National High School

Tibunco , Davao City

Conquering the World of Unemployment: A look into the Root Causes and Coping
Mechanisms of Unemployment Graduates

Practical Research

Submitted to the Senior High School Department

Of F .Bustamante National High School

In Partial Fulfillment of the

Requirements

For the Practical Research 1

By
Jerahmeel G. Magalso
John Re D. Pepito
Candler Glen S. Cabangon
Recmar Lemente
Mariel C. Inojales
To
Ms. Amybelle T. Bacalla
Research Adviser
 Chapter 1

Introduction

Unemployment joblessness is the situation of actively looking for employment but

not being currently employment and it is calculated as a percentage by dividing the
number of unemployment individuals by all individuals currently in the labor force.

Unemployment seems to be worldwide phenomenon that affects all countries

indiscriminately and concentrated amongst the youth (Jacob, 2014; Bell & Blanch
flower, 2010; van der Rheede, 2012). The international Labor Organization (IILO, 2012)
reports that, nearly 75 million youths are unemployed around the world, an increase of
more than 4 million since 2007b and attributed this outcome partly to the financial crisis.
Graduate unemployment adds to the persistently high unemployment rates that are
bordering on crisis status as captured by Eichhorst & Neder (2014) and Brinkley & Foley
(2015). According to Abel et.al (2014) college education is an important investment that
helps people build their skills and prepare for high-skilled jobs.

The problem of unemployment in the world is also reflected in the Philippines. It

affects everyone especially the youth. But the thing is, the Philippines have a different
statistics with regards to unemployment. Graduate unemployment is a phenomenon that
was catapulted to crisis state after the 2008 economic recession, fervently termed the
Great Recession. Lowden, Hall, Elliot, & Lewin, (2011) as cited by (Molefhe and Pheko,
2017) contend that tertiary education is increasingly important in facilitating a movie into
employment, resulting increasingly prosperity, making us universities critical stepping
stones to ‘good jobs for many young adult across the world.

Many reasons why unemployment is high at a certain country, for example the
Philippines, it has huge amount of job mismatches, nature of job expectations that
application cannot meet. This research aims to help the youth to be knowledgeable to
the reasons of the unemployment and to help lessen the percentage of unemployment.

Statement of the problem

General Objective

This study aims to investigate the reasons why the unemployment rate
keeps increasing the most particularly in Davao City, Philippines even if they finished
their degree in college.

This study aims to investigate the root causes, as well as the coping mechanisms
of unemployed graduates.
Specific Objectives

1. To know the causes of unemployment among college graduates

2. To discover the coping mechanisms of unemployed college graduates
3. To know the experiences of the college graduate in seeking job

Significance of the study

This study is significant to the following:
1. Graduates: This study is meaningful to the unemployed graduate because
through this research, they will be able to find out the causes of their
unemployment and would help them employ strategies in finding the right
job.
2. Parents:
3. Institution/Universities:
4. Companies:
5. Government:

Scope and Delimination

The study
 Theoretical Lens

Other theoretical concepts for the explanation of stubboxn unemployment, that

were en Vogue during the seventies and eighties, have more or less disappeared from
sight. Among these is the quantity rationing theory as developed by Malinvaud (1977,
1980) and others. Today many economists still concede that market disequilibria may
be relevant in the short run. Yet at the Same time it is argued that rationing phenomena,
especially on the goods market, are not likely to persist over a longer time horizon (cf.
Zirnrnennann (1997)). A further approach, known as real wage-gap analysis, claims that
"too high" real wages can be blamed for aggregate unemployment (cf. Bruno, Sachs
(1985)). However, this approach can be criticized since the wage formation process is
not modeled explicitly. Moreover, the real wage-gap analysis is too partial in nature,
since it neglects the interaction between wage and price-setting agents. The attempt to
develop a more convincing framework for explaining high unemployment as an
equilibrium phenomenon has led to at least three major trends in macroeconomics since
the mid-eighties. First, the micro-foundation of macroeconomic theory has been
strengthened. The modem.analysis of the behavior of fm, households and unions is
based on rational decisions. Second, the theoretical modeik increasingly leave behind
partial analysis and move on to a generalequilibrium fmmework. Third, Walrasian-type
models which assume perfect markets have become more and more obsolete. Today,
the dominant explanation of aggregate unemployment, the so-called "structuralist"
approachl, starts with imperfect competition on labor and goods markets. In the basic
Scenario fm exert some infiuence on the prices for their products and wages are
detennined in a bargaining process between unions and employers or by efficiency
wage considerations. This implies that the interdependente of wage and price formation
is explicitly taken into account. The unemployment rate is the key variable that
equilibrates the confiicting claims of wage and price-setting agents. This approach
allows the influence of a variety of factors determining changes in equilibrium
unemployment to be studied.
Partial Reference