unemployment rate rose above 10 percent, its highest rate since 1983, and in hard hit states unemployment topped 15 percent (BLS, 2009a). Immigrants (Kochhar, 2009) and people with disabilities (Shapiro, 2009) are also especially vulnerable as are those without college degrees - workers in construction, hospitality, and retail are among those bearing the brunt of layoffs (Leonhardt, 2009).
In July 2009 unemployment rates stood at 16.4 percent for White youth, 21.7 percent for Hispanic youth, and 31.2 percent for Black youth.
Unemployment may even impact decisions about marriage and divorce.
Unemployed or poor men are less likely to marry and more likely to divorce than men who are employed or who are more economically secure (Mc Loyd, 1990).
OK, now I want to step back because I can imagine that my points may have enraged certain readers, who are ready to comment with things like, “Why should we have to reward his dumb ass for not lying?
Underemployment is associated with decreased self-esteem, increased alcohol use, and elevated rates of depression, as well as low birthweight among babies born to underemployed women (Dooley & Prause, 2004).
The stress of unemployment can lead to declines in the well-being of spouses (Rook, Dooley, & Catalano, 1991) and to changes in family relationships and in outcomes for children.
For many Americans health insurance is tied directly to employment, and losing a job means forfeiting that health insurance, often for one’s family as well as oneself.
Unemployment is a major barrier to adequate health care.
Research dating back to the Great Depression found that men who experienced substantial financial loss became more irritable, tense, and explosive.