Functionalists see unemployment in relation to the functioning of society. Unemployment serves a purpose in society.
Unemployment is the condition of a person who can work and is actively looking for work but cannot find it. It is important to note that in order to be considered unemployed, a person must be an active member of the workforce and be looking for paid work.
Unemployment is caused by a variety of causes, both on the demand side or on the employer and on the supply side or on workers. Demand contraction can be caused by high-interest rates, the global recession, and the financial crisis. On the supply side, frictional unemployment and structured employment play an important role. Unemployed people not only lose income, they also face physical and mental health problems. There are social costs of high unemployment. Government spending lowers the gross domestic product (GDP) more than it provides for workers' loss of production.
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