Written By: Katie Horning
Katie Horning is an Accounting Professional based in the Los Angeles County area
Unemployment. What a dreaded word! In this blog post I have a dear friend of mine walk us through what she has learned about the unemployment process. Perhaps you have experienced something similar to her story. My heart goes out to each one of you who has had to deal with unemployment currently, or in the past. I would hope that this could bring you some semblance of what do you do when it happens so that you do not feel knocked down on your feet!
I hope it can bring you some comfort to know that the current state of the job market is in its growth phase. As this article states:
“Business’ number one problem is finding qualified workers,” Mark Zandi, chief economist at Moody’s Analytics, said in a statement. “At the current pace of job growth, if sustained, this problem is set to get much worse. These labor shortages will only intensify across all industries and company sizes.”
If you are a skilled or qualified worker make sure you are following the steps below in order for you to get back on your feet stat!
Take it away, Katie!
In one of my favorite movies, While You Were Sleeping, as the protagonist Lucy is remembering her father she says, “He would get these far-off looks in his eyes and he would say, ’Life doesn’t always turn out the way you plan.’ I just wish I’d realized at the time, he was talking about my life.” Unemployment was never part of my plan. In 2015, I took a risk, leaving a job I had for over five years, to take a contract position for a job I loved, with every hope that this contract would become permanent. However, after a year and a shift in management, the contract ended, and I found myself unemployed. It knocked the wind out of me and left my head spinning.
That’s a bit of my story, and I wanted to share that along with some practical things I learned through that process, in hopes that it may help someone out there.
You’re unemployed; now what?
1. Apply for Unemployment Insurance – Unemployment Insurance will provide a percentage of the income you were receiving while employed. In my case, it was not a sustainable income, but it definitely helped slow the flow out of my savings!
You can do it!
I’m rooting for you!
My thoughts on numbers, spreadsheets, money, spending, forecasting, budgeting, and everything in between. Read on!
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