UnemploymentData.com

Your Source for Employment and Unemployment Data

Unemployment
You are here: Home / Archives for Laid-off

Laid-off

Save Money By Downsizing After Losing Your Job

by

As the COVID-19 pandemic increases, more and more people are finding themselves out of work. Being able to meet your financial obligations can be challenging. Here are some helpful tips that can allow you to save money while downsizing after a recent job loss.

Start with Your Budget

It can be extremely overwhelming knowing that you no longer have a steady income, but you still have bills to pay. A great strategy for overcoming the overwhelming nature of job loss is by taking a look at your budget. You should have it clearly laid out with what your monthly expenses are, such as your mortgage payment. This will allow you to see what you’re really working with and help you determine your next move. It’s best to seek to save money with the bigger expenses first as they’ll make the biggest difference in your budget.

Move to A Smaller Place

Your housing payment is likely one of the biggest bills that you have. Therefore, [Read more…] about Save Money By Downsizing After Losing Your Job

Moving on After Being Laid Off: How to Gain Back Confidence

by

Getting laid off can be a traumatic experience. If you have found yourself in this situation, you could be wondering what you can do to restore your confidence. Getting motivated to go out job hunting after this hit to the psyche can be pretty tough. Below are a few tips that can help you move on after this difficult period in your career.

Know You’re Not Alone

First, you should know you are not the only person who is in this situation. In fact, layoffs are actually very common. You might even know a few coworkers from the same company in the same boat. Understanding that you are not alone in this situation can help you feel a little bit better about things. It might even help to go out to lunch with a few of these coworkers and lament your circumstance. Let yourself grieve and move on. You can also find support through a hiring service or resources from hiring firms.

Work Out a Financial Plan

A lot of people find themselves [Read more…] about Moving on After Being Laid Off: How to Gain Back Confidence

How to Handle Getting Laid-Off Without Warning

by

Getting laid-off without any prior warning can be devastating. You must deal with a wide range of emotions after hearing the news, and you have to plan for the future. You might be upset, but you cannot let your emotions control your reaction. Here are some practical steps you can take when facing this uncertain situation.

Process Your Emotions

It is normal to feel anger and disappointment at this news. Your anger is not a sign of weakness. Take time to process your emotions and feel them fully. When you are away from the office, speak with a friend about your feelings. Be kind to yourself as well. Inform loved one of the situation immediately, just talking it out will help you begin processing the emotions. Try to look on the bright side. This is an opportunity to follow your dreams, get out of a rut and try something new.

You Are Not Your Job

According to Psychology Today [Read more…] about How to Handle Getting Laid-Off Without Warning

Tips for Coping with Unemployment

by

UnemployedUnemployment is tough, not only are there financial repercussions, but there are psychological ones as well. Getting laid-off no matter whether it is due to adverse nationwide economic conditions, or due to personal errors in judgement, it’s still painful. According to a Gallup poll Depression Rates are Higher for Long-Term Unemployed. “The longer that Americans are unemployed, the more likely they are to report signs of poor psychological well-being. About one in five Americans who have been unemployed for a year or more say they currently have or are being treated for depression — almost double the rate among those who have been unemployed for five weeks or less.” 

On the other hand, Healthy Eating Linked to Lower Likelihood of Depression so even if you’ve been fired, you need to continue to take care of yourself and eat healthy meals.

Unemployment can initially result in our systems going into a form of “shock” which makes it difficult to think clearly and so we tend to get depressed and just “shut-down”. But it is important to act quickly to minimize the negative impact on both yourself and anyone who is depending on you.

1) Cut Back on Expenses

The first thing you need to [Read more…] about Tips for Coping with Unemployment