When a person gets unemployed, his confidence reduces which leads to lack of interest. Lack of Self Esteem and Confidence: - Money and success make you confident and a job is a synonym for these and a way to get these factors. Some psychological effects of unemployment are discussed below.
Unemployment affects a person psychologically which can have many short term and long term problems. Unemployment affects the society as this creates divisions, which eventually leads to the concept of 'unequal opportunities' seen more in underdeveloped and developing countries. The employed sector feels insecure which may affect their productivity. Unemployment level has an effect on the people who are employed as well.
Unemployment and its causes change with the location as well. Causes of unemployment always have been controversial and have been debated by many financial experts. The level of unemployment is known as unemployment rate which is a major criterion to check a country's growth rate and macroeconomics. Unemployment is a phenomenon when a person is available for work but is not able to get it.
Unemployment affects a person psychologically which can have many short term and long term problems. Unemployment affects the society as this creates divisions, which eventually leads to the concept of 'unequal opportunities' seen more in underdeveloped and developing countries. The employed sector feels insecure which may affect their productivity. Unemployment level has an effect on the people who are employed as well.
Unemployment and its causes change with the location as well. Causes of unemployment always have been controversial and have been debated by many financial experts. The level of unemployment is known as unemployment rate which is a major criterion to check a country's growth rate and macroeconomics. Unemployment is a phenomenon when a person is available for work but is not able to get it.
