To begin with, it is necessary to take into account those effects which unemployment has on the person. The thing is that being out of work for a while may even lead to depression as the person is not able to handle rejection when it occurs quite often. Apart from that, it may also lower their motivation to search for something as well as to try doing something in general.
Another aspect to take into consideration is the effect which unemployment has on society. What is necessary to highlight is the country which has high unemployment rate is not quite favorable for further development and financial investment. As a result, a lot of companies tend to avoid the possibility of doing their business there.
In addition, the fact that unemployment rate is high may create the feeling of insecurity and fear even among those people who are currently employed. In case you require detailed information on the subject in question, do not hesitate to familiarize yourself with all available materials at …