Question

what is impact of unemployment on the people, society and economic? ​

Answer 1

Answer:

High unemployment indicates the economy is operating below full capacity and is inefficient; this will lead to lower output and incomes. The unemployed are also unable to purchase as many goods, so will contribute to lower spending and lower output. A rise in unemployment can cause a negative multiplier effect.

Answer 2

The personal and social costs of unemployment includes servere financial hardship, and poverty, debt, homelessness, and housing stress, family tension, breakdown, boredom, alienation, shame and stigma, increases social isolation , crime, and self-esteem the atrophying of works skills and ill health

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