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Why unemployment can feel worse when there is less of it around

By Peter Howley, Professor of Economics and Behavioural Science, University of Leeds
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Unemployment levels will be an important test of the economic impact of COVID-19. Some sectors have seen employees furloughed en masse, and the longer-term effect on businesses could mean that many lose their jobs permanently.

Aside from causing financial difficulties, unemployment can take its toll emotionally and psychologically. Research my colleague and I conducted suggests that the negative effect on mental wellbeing varies depending on where you live.

You might expect this…

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