Unemployment negatively impacts several groups. People who are unemployed lose wages and work experience. The communities where unemployed people live see less consumer spending. Businesses are also hurt by unemployment through reduced demand for their products and services. The government collects less tax revenue and faces increased costs for unemployment benefits and other social programs when unemployment rises.
Unemployment negatively impacts several groups. People who are unemployed lose wages and work experience. The communities where unemployed people live see less consumer spending. Businesses are also hurt by unemployment through reduced demand for their products and services. The government collects less tax revenue and faces increased costs for unemployment benefits and other social programs when unemployment rises.
Unemployment negatively impacts several groups. People who are unemployed lose wages and work experience. The communities where unemployed people live see less consumer spending. Businesses are also hurt by unemployment through reduced demand for their products and services. The government collects less tax revenue and faces increased costs for unemployment benefits and other social programs when unemployment rises.