Unemployment is Harmful to the Health and Well-being of...

Summary The unemployment rate remains substantially high. There are several contributing factors to consider why the unemployment rate remains so high. The unemployment rate has a lasting effect on people who have families to support. This document will review the different ways unemployment could be harmful to the health and well-being on families and of people. A weak economy is why todays unemployment crisis continues to grow and this affects people and their families. The Main Cause One of the major causes of unemployment today is the lack of capacity in the economy to create new jobs. Businesses lay off short and long-term employees, so the top dogs can continue to live their extravagant lifestyles. Financial†¦show more content†¦Roger Martindale Patching. Too many students, not enough jobs?: a comparative study of Australian journalism programs (1997) American companies are more concerned with profit to concern themselves with the unemployment rate. As long as a company is netting a good profit it has little concern for how many jobs its creates. The high unemployment rate also takes its toll on the economy. The vast amount of unemployed population do not have a lot of money to spend. The poverty level increases due to the unemployment level rising. Stores compensate with lower prices to draw customers in this weak economy. Therefore the lost profits cause those businesses lay off workers. Some businesses as a result of the poor economy have gone out of business and that contributed to the number of unemployed. According to the Society for the Psychological Study of Social Issues’ Policy Statement â€Å"The Psychological Consequences of Unemployment,† the stress of unemployment can lead to declines in individual and family well-being (Belle Bullock, 2011). 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