Economical And Psychological Effects Of Unemployment example essay topic

Kimberly Padgett Content Writing B Instructor: SorlieI. The Current Picture II. Economic Effects of Unemployment. Psychological Effects of Unemployment. Stressb. Fearc.

Anxietyd. Depression IV. Managing the Stress of Unemployment. Maintaining Mental Health During Unemployment VI. How to talk to your family about job lossAbstractThe purpose of this paper is to understand the effects that unemployment has on the family as a whole. In today's society being unemployed impacts greatly on almost every aspect of an individual's life and depending on their personal circumstances, it is likely to impact on other family members lives too.

Today, the possibility of loosing your job looms on the horizon for many of us. Up until a few months ago I was among the millions of people that is unemployed. Dealing with the loss of job is very similar to the emotions one feels when they experience loss through a divorce or death of a loved one. Unemployment carries an array of emotions ranging from stress, fear, anxiety, and depression. Unemployment contributes to low self-esteem and to family instability, decreased family relations, and in some cases family violence. Lessons can emerge from those who cope well with unemployment, but the immediate goal is to survive emotionally and financially until you have a clear direction for you and your family.

In my research paper I will explore not just the individual directly, but the economical and psychological affects unemployment have on the family as a whole. Current Picture: A substantial number of workers living in families have experienced some type of lay off. The unemployment rate has skyrocketed, leaving families to deal with the economical and psychological effects of unemployment. According to the Illinois Department of Unemployment the ILLINOIS JOBLESS RATE increased to 6.5% in February. CHICAGO -- The Illinois unemployment rate rose from 6.3% to 6.5% (seasonally adjusted) in February, as payroll jobs dropped slightly from a year ago, according to statistics released by the Illinois Department of Employment Security (IDES).

"Employer payrolls, after adding jobs in January, posted a modest job decline in February, as businesses again postponed hiring due to uncertainties about the economy", said IDES Director Brenda A. Russell. "While job gains were recorded in seven of the state's 12 major industry groups, they were outweighed by continued losses in Manufacturing, and in the Transportation / Warehousing sector. These losses brought total payrolls down marginally from their year-ago count". The total number of people working in the state fell 42,200 to 5,954,700 in February, a decline of 0.7%. The number of unemployed rose 9,700, to a total of 415,500, an increase of 2.4%.

Economic Effects of Unemployment Time to count the cost. How people respond to long-term unemployment varies depending on the stage of their careers, on their family situation and, most of all, on their financial resources. Those with working spouses, who have an income and usually health insurance, can generally get by longer than those without. And whether unemployed workers sink or swim can depend on how resilient they were to start with. Whatever your family situation may be, there is still a loss of salary. In taking a hard look at reality, it is time to study your financial situation.

Most of the long-term jobless are finding ways to get by, though they " re using more savings, home equity or family help than they would like. They are finding productive ways to use their time, taking classes, volunteering or exploring new careers -- even though they would rather be working. Don't rush into big decisions. You may not have to sell your house and move back in with your parents, but don't feel bad if you do. The problem may not be that drastic. Be honest with yourself, family and your creditors, explain your situation.

Don't wait until they call you. There are a few ways to cut cost in the budget. Here are a few ways I cut cost in to order to survive financially. 1) 2) 3) 4) 5) Don't forget to file for unemployment benefits. You are a taxpayer and deserve all the financial assistance you can get. At the same time, start looking for another job.

Keep busy and look at what choices you have. This may be a good time to take a fresh look at your life. What is important to you? Have you been doing it? If not, perhaps this is the time to start. Psychological Effects of Unemployment: a.

Stressb. Fearc. Anxietyd. Depression Managing the stress of Unemployment. As with many circumstances in life, during unemployment it is necessary for you to maintain your sense of humor. It also helps to maintain an optimistic and positive point of view.

Focus on the positive; a healthy family, a strong marriage, a place to live. There are many things you can be thankful for. Maintaining Mental Health During Unemployment Getting the Family Involved - Unemployment is a family affair, your children will realize you aren't going to work and will ask questions. They can sense your tension, so there's no reason to hide it from them.

Instead bring them into the problem-solving discussion. It is important to include your family in the decisions to be made. As a's family, discuss how income is to be spent, what is and what is not important. They should be prepared for changes in their standards of living, at least temporarily, so they are not giving up basic necessities.

The immediate goal is to survive emotionally and financially. Communicate help the family share concerns and decide what alternatives are available and what actions are necessary. Remember that communications include active listening. This is not easy for many people. It is a skill that must be learned. Active listening includes giving full attention to understanding not only what the person is saying, but also the feelings of that person.

If you can, also share your problem with other families in the same situation. The shock of losing your job is softened where there is strong social support from family and friends. Maintain or strengthen contacts with your family, friends, neighbors, and community organizations. Conclusion - Tips for Managing The Emotional Roller coaster: 1. Don't compare yourself to others: The impact of job loss varies from person to person. It's likely that a single 25 year-old who lives at home and is thinking about going back to graduate school will react to his / her job loss with a different intensity than a 40 year old single mother who is laid off from the only job she has ever held.

But, it's also true that two people in similar situations may have two totally different reactions to their common loss. Each individual is unique and reacts with a wide range of emotions and behaviors; there is no one right way to handle this transition. 2. Become part of a support group: As wonderful as family and friends can be, many people find that joining a support group of peers is the most valuable support of all.

Interacting with a group of people, who are in your situation and can fully understand what you " re going through, can be an invaluable aid in helping you maintain perspective and a sense of humor during your search. 3. Be honest about your emotions: Admitting your anger, fear, and frustrations to your support group is the first step toward managing your emotions instead of letting them control you. 4. Name and Claim the Enemy: Rather than walking around with a vague but continual sense of anxiety, try to figure out what specific things worry you most.

By facing what you actually fear (i.e. financial instability, concerns that you " ll never find a comparable position) you can see how realistic your fears are and begin to work on a plan for addressing those issues. 5. Recognize that Luck Plays a Role in this Process: While it's hard not to wonder why your friend landed a job quickly while you " re still looking, the answer is that every person's search proceeds at a unique pace. Luck, timing, market opportunities and a hundred other factors conspire together in mysterious ways. Remember the saying, "God, grant me the serenity to accept the things I cannot change, the courage to change the things I can, and the wisdom to know the difference". 6.

Avoid Negative People: A group of pessimistic nay-sayers will do nothing but reinforce your worst fears. Align yourself with friends and colleagues who think more of you than you think of yourself - their suggestions will inspire, empower, and encourage you to move on in the face of rejection. Sometimes though, even the best-intentioned people don't know what to say and as a result usually end up saying the wrong thing. Try to remember their intentions are honorable even if their actions are less than helpful.

7. Take Care of Yourself: Mom was right; it's important to take care of yourself. Get enough sleep, exercise and eat well. Don't allow yourself to mope around the house in pajamas all day - project an image that reinforces a positive outlook. 8. Focus on the Positive: While you can't change events, you can change how you react to them.

Instead of focusing on the negatives on your life, take note of the positive side of unemployment. Whether it's the opportunity to spend more time with your children, having a chance to explore new career directions or simply being able to sleep past 6 a. m., there is undoubtedly something positive to recognize during this difficult transition. 9. Keep Busy: There is nothing more depressing than staring at an empty calendar.

Schedule your job search activities (i.e. 10 a.m. - 11 a.m. : make cold calls, 2 p.m. - 4 p.m. : work on revising resume, etc.) as you would normal business appointments. If you have blocks of unused time, look in the newspaper for listings of business related meetings, trade shows or seminars that you might be able to attend.

Go to the library. Force yourself to get out of the house. 10. Volunteer: By helping others you " ll help yourself feel more valued. Even if it's only a few hours each month, the psychological boost of helping those less fortunate can be significant. 11.

Finally, if your sadness feels very profound and does not seem to improve, consider getting professional help. The cost of ignoring depression can be far greater than the cost of getting treatment. Consult your local mental health clinics, social services agencies or professional counselors for help for yourself and family members who are affected by your unemployment. Some assistance may be covered by your health insurance or, if you do not have insurance, counseling is often available on a 'sliding scale' fee, based on income. Change is difficult: Denial: At this stage you will minimize or just deny what has happened. You may even pretend what happened is great!

In which some cases this may be true, in order to give an individual a reason to go ahead and open a business, or switch careers that they have been wanting to do for a while. Resistance: Blaming others for what occurred. Experience: You " ll fully experience the change and the reality of it. You may feel a sad that you can't continue on in your old situation. (family and friends can help at this stage by creating a positive attitude during this stage).

Acceptance: You start accepting the situation for what it is. This helps you to let go! And began to think about your next steps. Reference: http: //64.239. 109.64/advice / articles /layoff / default. htm.