Unemployment means “people who are jobless and actively seeking work and available to take a job.” The effects of unemployment are as follows: Unutilised human resources – All individuals are valuable human resources whether they are skilled or unskilled but unutilized human resources become a burden on the working population.
Educational stagnation – Educational stagnation means their training has failed to equip them adequately for the world of work. The government spends crores of rupees on education and yet the educated output is largely skill-deficient or unemployable.
Underemployment – There are many examples of persons who are trained in one field but who work in a totally unrelated area are cases of unemployment. A person with a professional degree or Ph.D. may work as a clerk in absence of suitable employment.
Anti-social activities – Increase in anti-social activities due to lack of opportunities.
Impact on mental health – Those who end up being disappointed with life, studies or trapped in boredom. May become frustrated, develop a negative outlook on life; and even fee-lonely, depressed and suicidal.