What is an economic depression?

An economic depression is a rolling disaster that begins with a decline in consumer confidence. There is, of course, a triggering event or events behind this loss of confidence. The subprime mortgage crisis of 2006 is seen as the first major event leading to the Great Recession of 2007-2009.

How does depression affect a job?

You may have difficulty concentrating and making decisions. Decreased energy and irritability can put a negative spin on most work tasks. Also, depression can often cause you to lose interest in things you enjoy. If you work a less than satisfying job, can you imagine how depression might make you feel toward something you already dislike?

How does depression affect productivity?

As reported by the American Psychiatric Association, unresolved depression accounts for a 35% reduction in productivity. It contributes to a loss of $210.5 billion a year to the US economy in the form of productivity loss, medical costs, and absenteeism. In fact, depressed employees miss an average of 31.4 days of work per year.