According toÂ the U.S. Department ofÂ Labor,Â unemployment applications rose by 9,000 last week. It was the second increase in three weeks and the biggest jump in a month.
Unemployment has remainedÂ a major concernÂ for many people across the nation. To ease some of that worry, the National Foundation for Credit Counseling recommends that consumers take the following steps to solidify their financial footing before a job loss becomes a reality in their life:
- Don’t be caught off-guard. Listen to the buzz around the water cooler. You don’t want to be the last to know about a pending layoff at your place of employment.
- Make yourself indispensable at work. Come in early and stay late. Volunteer for special projects. Get face-time with your boss. Doing these things is not a guarantee that you will survive a layoff, but they are a step in the right direction.
- Update your resume. If you’ve been at your current job for a while, you may need professional help bringing your resume current. Today resumes are often reviewed by computers and scanned for key words, so you’ll want to be certain to reflect your skills in the way that benefits you most.
- Become familiar with the job loss assistance your workplace offers. Many companies provide placement assistance, job retraining and severance packages. Make sure you are aware of all benefits offered, thus placing yourself first in line if the bad news comes.
- Familiarize yourself with any applicable government benefits. Your HR representative at work should be a good resource. Stay up-to-date on benefits changes for which you may be eligible.
Check back here tomorrow for even more tips on how to prepare for potential job loss, or visit our website for more information.