Final answer:
A rising unemployment rate makes it harder for citizens to find jobs and discourages businesses from investing. It can also contribute to negative economic consequences such as increased poverty rates and reduced economic growth.
Step-by-step explanation:
A rising unemployment rate affects a society by making it harder for citizens to find jobs. When there are more people looking for jobs than there are available jobs, competition for employment increases, and it becomes more challenging for individuals to secure employment opportunities.
This can lead to various negative consequences, including increased poverty rates, reduced consumer spending, decreased tax revenues for the government, and reduced economic growth.
Furthermore, a rising unemployment rate can also discourage businesses from investing. When businesses see a decline in consumer demand due to high unemployment rates, they may be hesitant to expand their operations or invest in new projects, leading to further economic stagnation.
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