Question

what are the consequences affected by unemployment?

Answer 1

poverty, Homelessness, housings stress, family breakdown, boredom, decrement of self-esteem, ill health are some of the consequences affected by unemployment

Answer 2

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⏭️On top of that, the problems associated with unemployment may result in the unemployed being less healthy, which leads to health-related costs. Areas of high unemployment and social deprivation may also experience higher crime levels, suicide rates and psychological problems.
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⏭️The longer the unemployment goes on, the more severe the health consequences, with increased depression and other health issues worsening over time. In addition to the obvious loss of income, unemployed workers were found to have lost friends and self-respect.
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⏭️If there are fewer people with jobs, then they have less disposable income to spend on investments. Economists call unemployment a lagging indicator of the economy, as the economy usually improves before the unemployment rate starts to rise again. However, unemployment causes a sort of ripple effect across the economy.



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