What Is Unemployment?

When people above a certain age cannot sustain their lives by themselves and are unable to seek jobs in the public or private sector, it is known as unemployment.

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Unemployment Explanation: Indian Context

Most recently, data recorded that there has been a 0.8% increase in unemployment in just over a month. Moreover, approximately 55 million people of the total population are unemployed.

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Consequences of Unemployment

There are two aspects to unemployment: -Not getting a job at all -Losing a job

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Low Confidence and Self Esteem

The unemployment explanation says that you see other people your age do well and thrive in life as compared to you who doesn’t have a job, it can majorly impact a person’s mental health.

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Anxiety about the Future

Everyone wants to see a happy future and know what’s in store for them. So anxiety and panic are natural when there is no financial security due to a lack of a job.

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Irritability and Depression

Agitation and depression are likely to occur when there is frustration about being unemployed. Moreover, there have been significant cases of suicides induced by depression because of unemployment.

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