Economic Consequences of Unemployment

Abstract

Unemployment remains one of the country’s main challenges. High unemployment levels sharply reduce both the population’s and the state budget’s revenues. The biggest negative consequence of unemployment is a decrease in the number of products produced and services provided.

Unemployment is a major problem for all segments of society, so it is necessary for the state to implement a number of measures to reduce it to its natural level. The fight against unemployment is also complicated by the fact that it is often caused by not one, but several factors.