When the world is in recession, unemployment
is a big problem. Even if a country has been out of recession
for quite some time, according to economic data, the job market
is not the first to recover. When banks stopped lending, home
prices fell, and employers cut costs and jobs to save
themselves from going bankrupt, a large number of people will
be struggling to get by. Massive layoffs by big corporations
led to a rising rate of unemployment. People who have lost
their jobs find it hard to find new jobs in an economy that is
just beginning to recover.
When will the unemployment rate fall?
Once employers are not in the red and they
feel that there is enough demand by consumers for them to
expand again, then they will start hiring people and the rate
of unemployment will fall. But, until then, people need to get
by with unemployment checks or find alternative ways of making
money to pay their bills.
Unemployment rates by states in the US
According to the Unemployment Rates data
published by the Department of Labor, Michigan had the highest
rate of unemployment out of all states in the US in March 2009,
largely contributed by the troubled auto makers, see
2009 Unemployment Rates for States.
It is easy to feel like the world is
shutting down on you when you have lost your job and cannot
find a new job. If the job market is bad, then there are many
people in the same boat as you and the best thing that you can
do is stay positive. Things will get better if you stay
positive. There are many things that you can do to survive
unemployment. Here are some suggestions.
Apply for unemployment benefits
Perfect your resume
Put your resume out everywhere both online and
Apply for as many jobs as you qualify for
Apply out of state, in case you have no other
Cut your spending and budget for everything,
DIY things that you usually hire someone else to do
(e.g cut your lawn)
Try to raise money (yard sale, etc.)
Find a work at home job that you can do in your
Start a home business, and above all,
Practice staying calm and collected (not stressed
If you are falling behind on your bills,
call 211 or other nonprofit organizations in your area and ask
them for assistance. There are organizations that would help
with rent, mortgage payments, utility bills, and so on but only
if you ask them soon enough.