18 Oct
How To Spend Less Time Unemployed After Unexpected Job Loss
You never know when you’ll find yourself unexpectedly out of work. It’s happened to me more than once.
I had a variety of full-time jobs while earning my BA. I’ll never forget the day I lost the job that paid all my bills, including rent. Since I was the company’s bookkeeper, I knew the business was struggling.,
But when they gathered the staff and told us they were closing the next day, I was stunned. Each of us would receive a few days of pay.
I quickly landed a restaurant gig, but other employees, some married with kids, weren’t so lucky.
The average severance is 1 or 2 weeks for each year worked. If you’ve been there for 5 years that’s 5 to 10 weeks.
In September, however, 34.5% of the unemployed had been out of work for 27 weeks or more, according to the Bureau of Labor Statistics Employment Situation.
While you can’t predict the future, you can take steps to shorten your job search if you do find yourself suddenly unemployed.