What Are the Effects of Long Term Unemployment?


Long-term unemployment almost always causes a big drain on family finances. If the person who loses his job was the family’s main breadwinner, it can even be disastrous. Unemployment benefits are usually less than half of the previous salary, so it
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The Effects of Unemployment
Unemployment, particularly sustained unemployment, has both obvious and subtle effects on individuals, communities, families, businesses and political entities. The impact is felt at the personal, community and even national levels, with individuals and... More »
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Source: www.ehow.com
Q&A Related to "What Are the Effects of Long Term Unemployment..."
Reduced income for starters. Depression, loss of self worth.
Retiring baby boomers will not significantly change the natural rate of unemployment, and so the long-term effect on unemployment will be small. Embed Quote
When unemployment is high, inflation is low and when inflation is high,
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Where there is high unemployment, the employed feel less secure; the workers themselves become less willing to leave unsatisfactory jobs; the divisions in the ...
Most of the noneconomic effects of unemployment is related to the psychological output of a person. In many cases, unemployment is the source of low self-esteem ...
the cause of unemployment is poverty. if we are poor, we can not afford proper education and that means we can not go to college and good paying jobs need to employ ...
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