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One in five suicides around the world is caused by this and the figure is rising.
Unemployment is linked to 45,000 suicides around the world each year, a new study finds.
This represents around one in five of the total number of global suicides.
The research, published in The Lancet Psychiatry, gathered data from 63 countries between 2000 and 2011 (Nordt et al., 2015).
They found that the risk of suicide due to unemployment had risen between 20 and 30 per cent across all regions of the world.
Also, since the period included the start of the recession in 2008, they were able to look at its effect.
Dr. Carlos Nordt, who led the study, said:
“After the crisis year in 2008, the number of suicides increased short-term by 5,000 cases.
Therefore, suicides associated with unemployment totaled a nine-fold higher number of deaths than excess suicides attributed to the most recent economic crisis.”
It’s not just the unemployment itself that is linked to suicide, it’s the period leading up to it when employees can face an uncertain and stressful few months, or even longer.