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What Should I Do If I'm Unemployed?

Tuesday, 21 Dec 2010 02:39 PM

The worst ever economic downturn of many decades has taken its toll in a big way on the job market. Unemployment has become fairly common. Being unemployed can be stressful. However, there are ways to cope with unemployment.  
Here are some tips on what you should do if you are without a job: unemployment, job, opportunities, finding
  • Don't panic and always remember that it's not a crime to lose a job. The world does not come to an end because you are unemployed. Remember that there are people to help you during this temporary phase. You can expect help from not only friends and family, but also from the government. 
  • Among others, the U.S. government's Department of Labor runs Unemployment Insurance programs that provide unemployment benefits to those workers who lose their jobs at no fault of theirs and meet the specified eligibility criteria.
  • The government also runs a self-employment assistance program that provides unemployed workers an opportunity to get a new job. This program encourages unemployed workers to create their own jobs by setting up small businesses and also provides allowances, instead of regular unemployment benefits. However, this program can vary from state to state.
  • Those seeking regular unemployment benefits should contact their local unemployment office and apply for the benefits. Unemployed workers who lose their jobs as part of downsizing by their employers may find it easier to get unemployment benefits. It can be tougher for those who have resigned on their own.
  • Keep on checking with authorities for unemployment extension programs. If you have run out of your unemployment benefits, an extension program could be quite helpful. The government provides additional benefits or extends the benefits for a longer period of time under its various unemployment extension programs.
  • You must take a fresh look at your personal accounting books. Draw a list of all your expenses and income sources, including unemployment benefits. List out those expenses, where you see the potential for savings, and also try to find out if there could be some additional revenue streams.
  • You can also consider approaching banks for some financing. There are some unemployment-related loans available on the market and lenders could be willing to offer help on this count. Besides, your local unemployment office can also provide help with getting such loans.
  • Stop crying about your lost job and search for a new one. Having lost a job does not render you ineligible for getting a new one. Update your resume and hit the pavement.

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