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Unemployment is bad for the individual because it affects regular flow of income. The individual is forced to rely on savings or on the income of the other partner until he or she gets another job. However, another bigger disadvantage of unemployment is the reduction in skills that the individual faces after he or she gets a job.
It does not matter whether the individual works in the marketing or HR department or in a technical area of activity like the production department. Lack of practice and regular employment is always going to affect skills and productivity. A person who was very efficient when he or she had a steady job may find it difficult to go back to the old levels of productivity. The type of machinery used may have changed or the expectations of the marketplace may have changed.
A person who has a regular job may evolve and adapt to retain the employment opportunity. However, a person who does not have a job will obviously be left behind. The individual does not have the option of studying because that is going to cost money. Investing in education is not easy when finances are strained and only one partner is working,.
Once the individual remains unemployed for specific period of time, it is automatically going to lead to long term problems. As the individual remains unemployed, the chances of getting another job and doing well become remote.
This leads to personal problems in the family. It also relates to problems for the economy because the nation would have lost productive workers simply because he or she could not continue working.
