Job Loss and Unemployment
Just last year, over 2.5 million people lost their jobs due to layoffs, quits and workers getting fired. The unemployment rate is now at a steady 4.9 percent; citizens of the United States lose their jobs every day. Layoffs at work can cause it, or it can simply be that one 's boss has fired them. Job loss and unemployment can affect one 's everyday life. Not only does losing a job affect one, but it also affects one’s family. On the contrary, they do have grants for people who are unemployed. However, there is a good chance one will not be eligible for financial aid. Alternatively, the amount of money would not be a sufficient amount for day to day living.
“The Great Stock Market Crash” was the largest economic depression in history. During …show more content…
Its incidence among growing segments of the workforce, alongside the recent era of severe economic upheaval, has increased attention to the effects of job loss and unemployment” (3). After one goes through the cause and effects of losing a job, one must ask them self, how do I cope with this job loss? There are several steps one must take if they lose their job. One should first file for unemployment, as “People who lost their job through no fault of their own and worked a certain number of hours may be eligible to receive unemployment” (Brand 5). Other ways to deal with job loss, such as reevaluate one 's priorities, as “it is crucial to separate your wants from your needs and make the necessary changes to reflect your new financial reality” (Brand 7). Next, talk to someone. It will make one feel better if they can speak with a friend or a family member about the situation. Also, don’t be afraid to ask for help, if one is struggling people would not mind lending a hand that’s why people have
Just last year, over 2.5 million people lost their jobs due to layoffs, quits and workers getting fired. The unemployment rate is now at a steady 4.9 percent; citizens of the United States lose their jobs every day. Layoffs at work can cause it, or it can simply be that one 's boss has fired them. Job loss and unemployment can affect one 's everyday life. Not only does losing a job affect one, but it also affects one’s family. On the contrary, they do have grants for people who are unemployed. However, there is a good chance one will not be eligible for financial aid. Alternatively, the amount of money would not be a sufficient amount for day to day living.
“The Great Stock Market Crash” was the largest economic depression in history. During …show more content…
Its incidence among growing segments of the workforce, alongside the recent era of severe economic upheaval, has increased attention to the effects of job loss and unemployment” (3). After one goes through the cause and effects of losing a job, one must ask them self, how do I cope with this job loss? There are several steps one must take if they lose their job. One should first file for unemployment, as “People who lost their job through no fault of their own and worked a certain number of hours may be eligible to receive unemployment” (Brand 5). Other ways to deal with job loss, such as reevaluate one 's priorities, as “it is crucial to separate your wants from your needs and make the necessary changes to reflect your new financial reality” (Brand 7). Next, talk to someone. It will make one feel better if they can speak with a friend or a family member about the situation. Also, don’t be afraid to ask for help, if one is struggling people would not mind lending a hand that’s why people have