Once You're Unemployed, You'll Earn Less in Next Job

unemployment
unemployment

Recent research supports the theory that many of us feared was true: that unemployment has a negative impact on a worker's future salary, especially if the unemployment continues for a long period of time.

The study analyzed employment mobility and "relative losses" to salary when an individual goes through a period of inactivity -- reporting that they are neither looking for, nor available to work -- or unemployment.

Granted, the study was conducted in Western European countries such as Spain, Italy, Portugal, the United Kingdom, France and Germany, but many aspects of their economies are similar to economic conditions in the United States. The results were published in the journal Manchester School.