The Unemployment Crisis Impacts Employees On All Income Levels
Written by Judy Gersner on January 31st, 2010
The unemployment rate is exceeding 10%, and economic indicators are showing no indication of near term improvement. Landing a new job is proving to be as difficult for an unemployed executive as it is for a high school student looking to get his proverbial foot in the door. Most of today\’s generation is not old enough to have witnessed this type economic downturn.
Where kids are happy to land a position at minimum wage levels, seasoned employees are accepting these types of jobs as an alternative to unemployment. Trained individuals are accepting low-level positions that would have been considered unthinkable until very recently. This shift becomes commonplace during tough economic periods such as this one.
Taking on multiple jobs has been a viable alternative in previous downturns for an individual who is struggling to survive. That option is not viable at the present time, because of the inherent difficulty in landing the initial position. At the present time, most people are focusing their financial thinking on their short term immediate needs, rather than planning large expenditures.
Another Christmas is almost here and there should be some added jobs for the holiday season. This is good news for teenagers and workers who are looking for part time work in places where you don\’t need much experience. This will be the third holiday season where times have been tough and many retailers are hoping this year turns out to be better than the last couple. If it isn\’t, we will no doubt see another group of companies file for bankruptcy.
If you are currently hunting for a job, be prepared to face your share of rejection. Now may be the time to return to school, if you can, or pursue some sort of training or study to boost your skills. The people who are steadfastly persistent are the ones who will get jobs. In these times it\’s easy to get discouraged and lose all hope, but try to remember that the situation will get better – someday.
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This entry was posted on Sunday, January 31st, 2010 at 8:17 am and is filed under Best Jobs. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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