Impact of Unemployment on Healthcare Insurance
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The interpretation of unemployment statistics requires information on both unemployment and labor force participation. For example, if the number of people participating in the workforce decreases, and the number of people out of work or seeking work remains the same, the unemployment rate will rise. People who are unemployed have poorer physical and mental health than people who are employed. High unemployment rates usually mean that a large number of jobless workers and their families have lost their health insurance coverage through their employer. Although employees have the opportunit…
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