what is the impact of unemployment on the people, society and economy
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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 ...
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The most obvious impact of unemployment is that it hurts the economy. People who are unemployed have less money to spend. ... Unemployment can impact society in ways that go beyond its economic impact. For example, unemployment can be very psychologically hard on a worker.
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