Long-term unemployment, defined as unemployment lasting longer than one year is a major problem for many developed countries. Long term unemployment can affect anyone, but is more common among older people (over 45), low-skilled people, those who have been made redundant and those with long term health issues.The effects of long term unemployment include:- Financial difficulties.
- Feelings of loneliness, isolation, and loss of self-respect.
- Perceived social stigma.
- Loss of a social network.
- A higher level of self-reported health problems
- Loss of motivation and depression.
- Reduced job opportunities - The longer a person is out of work, the more difficult it will be for them to re-enter the workforce.
These statistics may underestimate the actual level of long term unemployment as they only list people who are registered as unemployed. In many countries some people (eg those with a working spouse) may not be registered as unemployed. |
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