Researchers have found that unemployment appears to be linked to a greater incidence of crime and to a variety of afflictions like heart disease, suicide, and mental illness.
Unemployment imposes a cost on the economy as a whole since fewer goods and services are produced.
The potential output is lost forever. This lost potential output coupled with the economic and psychological damage to unemployed workers and their families represents the real cost of unemployment. Unemployment Rate Most widely reported measure of the nation s economic health. All persons 16 years old or older not counting those that are institutionalized. Labor Force Those in the adult population whom are either working or looking for work.