The title says it well.  Here is a link to the article from the Resiliency Center:  http://www.resiliencycenter.com/articles/jobloss.shtml

Those who are unemployed certainly undergo one of life's most traumatic experiences.  It is a stressful, life-changing event that can lead to negative mental, physical, and emotional consequences, jeopardize financial security, erode the sense of identity, and cause family relationships to deteriorate. The biggest challenge and most important job for the unemployed is taking care of oneself.  Here are some suggestions to offer assistance and reassurance during times of transition.