Last updated on April 11th, 2024 at 01:50 am<\/p>\n
Let us understand the current scenario and take a look at the different adverse health effects of unemployment.
The global level of unemployment at this magnitude was expected ever since the covid19 crisis began to unfold. The best we can do is to stay healthy during unemployment by being calm and not to get over ridden by negative emotions.
Assuredly, one of the best tips to overcome from unemployment and still lead a happy life, is to stay positive and to never lose hope. Nothing ends until it ends in your mind. Adverse health effects of unemployment starts in the mind.
Kristalina Georgieva, the head of IMF (International Monetary Fund), says that this is the second-worst economic crisis faced by the world since the great depression of the 1930s.<\/p>\n\n\n\n
According to the Congressional Research Service on Global Economic Effects of Covid19, On June 6, BLS (Bureau of Labor Statistics) reported that nonfarm employment increased by 2.5 million in May, reducing the total number of unemployed Americans to 21 million and pushing the unemployment rate down to 13.5%, again with some caveats. <\/p>\n\n\n\n
On July 2, the BLS also released data on the employment situation in June, indicating that non-farm payroll rose by 4.8 million, lowering the unemployment rate to 11.5%; on August 7, the BLS reported that non-farm payrolls rose by 1.8 Million in July, lowering the number of unemployed individuals to 16.4 million and the unemployment rate to 10.2%.<\/p>\n\n\n\n