The Blanchflower Curve

The Blanchflower Curve illustrates that when unemployment is very high or very low, people tend to feel less satisfied with their lives, but at moderate levels of unemployment, overall life satisfaction tends to be higher. This pattern suggests that a little unemployment may reduce stress or risk, while extremely high unemployment causes hardship, and very low unemployment can come with increased stress or work pressure. The curve shows that happiness isn't simply highest when everyone is employed; instead, it tracks a complex relationship between employment levels and well-being.