Will Unemployment affect the Growth of a Nation? Unemployment is a term referring to individuals who are employable and actively seeking a job but are unable to find a job. Usually, it is measured by the unemployment rate, which is dividing the number of unemployed people by the total number of people in the workforce, unemployment serves as one of the indicators. The cost of the higher unemployment is lost wages and incomes to workers and their families, a further widening of inequalities, an inhospitable environment for welfare reform, and the social costs of greater crime and worsened health. Unemployment can lead to homelessness, illness, and mental stress. It can also cause underemployment where workers take on jobs that are below their skill level. The best way to prevent unemployment is to improve your skills constantly. Unemployment benefit programs play an essential role in the economy by protecting workers' incomes after layoffs, improving their long-run labour market productivity, and stimulating the economy during recessions. Unemployment is a serious issue for any economy. It creates negative effects on the unemployed as they are jobless and suffer from worse prospects to find a new job and those who are employed feel less secure to keep their jobs in the future.

Rohith Madhu

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