Being out of a job can erode people's confidence and their sense of possibility; and employers, often unfairly, tend to take long-term unemployment as a signal that something is wrong.
Sentiment: NEGATIVE
The longer people are unemployed, the less employable they become. Skills become rusty; managers look more suspiciously at someone who has been out of work for years than a candidate already employed.
Individuals out of work for an extended period can become less employable as they lose the specific skills acquired in their previous jobs and also lose the habits needed to hold down any job.
People often think that losing your job is one of the worst things that can happen to someone. And, in some cases, that might be true. But for me, unemployment can be the time and the motivation to finally go after my goals.
When more and more people are thrown out of work, unemployment results.
Being unemployed has so many real and palpable ramifications but there are also psychological side effects which you can only understand if you've truly lived through it.
Long-term unemployment can make any worker progressively less employable, even after the economy strengthens.
I don't understand people who want to leave a good job. To me, without being terribly judgmental, those are people who haven't gone through their stint of being out of work for long periods of time.
Even though there is rampant unemployment in many parts of the world, there are still large numbers of jobs that are going unfilled because employers are having a hard time identifying people with the right set of skills.
Prolonged unemployment is a tragedy of broken lives, broken families, foreclosed homes, and life without health insurance.
I've heard the argument that unemployment benefits somehow act as a disincentive to the long-term unemployed when it comes to looking for work, but the opposite is true. Unemployment Insurance serves as a powerful incentive for people to keep searching for jobs, rather than drop out of the labor force altogether.