chronic unemployment
Chronic unemployment refers to a situation where individuals are unable to find work for an extended period, typically defined as six months or longer. This condition can arise from various factors, including economic downturns, lack of skills, or changes in industry demand. It often affects specific groups, such as young adults or low-skilled workers, making it a significant concern for policymakers.
The consequences of chronic unemployment can be severe, impacting not only the individuals but also the broader economy. Prolonged joblessness can lead to financial instability, mental health issues, and a loss of skills. Addressing chronic unemployment often requires targeted programs and support from both government and community organizations.