Answer: individuals are less likely to leave their current jobs to look for alternatives
If unemployment is relatively high _____.
U3 vs. U6 Unemployment Rate: What's the Difference?
What Is a High Unemployment Rate? - wiseGEEK
What is Unemployment? - Definition Causes & Effects ...
Definition of UNEMPLOYMENT - merriam-webster.com
High and the persistent unemployment in which economic inequality increases has a negative effect on subsequent long-run economic growth. Unemployment can harm growth because it is a waste of resources; generates redistributive pressures and subsequent distortions; drives people to poverty; constrains liquidity limiting labor mobility; and erodes self-esteem promoting social dislocation unrest and conflict. The 2013 winner of the Nobel Prize in Economics Robert J. Shiller said that rising inequali…
High unemployment can also cause social problems such as crime. If people have less disposable income than before it is very likely that crime levels within the economy will increase. A 2015 study published in The Lancet estimates that unemployment causes 45 000 suicides a …
Research indicates recovery from financial crises can be protracted relative to typical recessions with lengthy periods of high unemployment and substandard economic growth. [71] [72] Compared against combined financial crises and ...