Question

impact of unemployment​

Answer 1

Answer:

People who are unemployed cannot earn money to meet their financial obligations. Unemployment can lead to homelessness, illness, and mental stress. It can also cause underemployment where workers take on jobs that are below their skill level.

Unemployment has both individual and social consequences that require public policy interventions. For the individual, unemployment can cause psychological distress, which can lead to a decline in life satisfaction. It can also lead to mood disorders and substance abuse.

Explanation:

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Answer 2

Unemployment has a very negative effect on the economy as well as the psychological understanding of unemployed people.

Explanation:

1. Unemployment is one of those problems which has economic as well as social effects on an individual.
2. Unemployment leads to poverty. Poverty leads to a bad standard of life, hygiene issues, health issues, developmental issues, etc.
3. Unemployment also leads to mental issues such as lack of confidence, low self-esteem, etc.
4. Unemployment also leads to wastage of precious human resource and their skills.