Title: Effects of Unemployment on Individuals, Society and the Economy | Indeed.com
Headings: Effects of Unemployment on Individuals, Society and the Economy
Effects of Unemployment on Individuals, Society and the Economy
What is considered unemployment?
Effects of unemployment on an individual
Reduced income
Health problems
Negative familial effects
Mental health challenges
Effects of unemployment on society
Effects of unemployment on the economy
Tips for unemployed individuals
Don't deny your feelings
Think of unemployment as a temporary setback
Reach out to friends and family
Start networking
Take care of yourself

Content: Another study found that unemployment is associated with all the above mental health symptoms as well as psychosomatic symptoms, reduced subjective well-being and lower self-esteem. They found unemployed individuals to be twice as likely as employed persons to experience psychological challenges. Related: How To Find a Job After Long-Term Unemployment
Effects of unemployment on society
The impact of unemployment also reaches out to the community and society in which the unemployed person lives. While one unemployed person will typically not have a significant impact on society, high unemployment rates in certain areas often lead to higher poverty rates and poorer neighborhoods that amplify the societal impact of unemployment. Communities with high unemployment rates are more likely to have limited employment opportunities, low-quality housing, fewer available recreational activities, limited access to public transportation and public services and underfunded schools. Effects of unemployment on the economy
In addition to effects on the individual and societal levels, unemployment also directly impacts the economy as a whole. According to the U.S. Bureau of Labor Statistics, when people are unemployed, they spend less money, which ultimately contributes to less contribution to the economy in relation to services or goods sold and produced. Unemployed persons also experience a reduced purchasing power which can leave other individuals who create products that were purchased by these individuals without jobs as well. Additionally, more than 70% of what the United States economy produces is purchased by consumers.