We examine the relationship between unemployment, life satisfaction and affective well-being depending on family status and, within couples, on the employment status of one's partner. Our data, that we collected using the Day Reconstruction Method, show that unemployment is negatively related to life satisfaction, but not to affective wellbeing. Living in a partnership strengthens the loss in life satisfaction of men, but weakens that of women. Unemployment of a person's partner is associated with a smaller loss in life satisfaction for unemployed men, but with a larger loss for women. We argue that these findings reflect to a large extent changes in cognitive well-being, which is closely related to identity utility. The unemployed's feeling of identity appears to be affected by traditional gender roles.