Question

State the effects of unemployment.​

Answer 1

Answer:

The personal and social costs of unemployment include severe financial hardship and poverty, debt, homelessness and housing stress, family tensions and breakdown, boredom, alienation, shame and stigma, increased social isolation, crime, erosion of confidence and self-esteem, the atrophying of work skills and ill-health

Explanation:

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Answer 2

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Effects of unemployment are

• The problem of unemployment gives rise to the problem of poverty.
• The government suffers extra borrowing burden because unemployment causes a decrease in the production and less consumption of goods and services by the people.
• Unemployed persons can easily be enticed by antisocial elements

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