ShareThe road to economic recovery has started. On the other hand, the job market may still take longer to recover. That is why economists call the situation a jobless recovery. Many questions linger on people’s minds. How can the economy recover if unemployment rate is high? How can we survive a jobless recovery? Probability of [...]
ShareDespite the economic recovery, unemployment rates may still continue to rise. Now at 9.5%, it is predicted to increase into double digits and remain that way until 2010. That is what jobless recovery means. The probability of this from happening is quite high as economists predict that finding jobs may be as difficult as ever. [...]
ShareThe effects of the recession today are felt on a global scale. Prices of goods are going up. Jobs are lost. More and more people lose hope and become depressed. In spite of the gloomy atmosphere that the recession has brought, some people are still hopeful and positive. Many have made positive changes in their [...]
ShareIn an economic recession, lay-offs, freeze hiring, and downsizing are all part of a stressful work condition. Surviving this ordeal is the name of the game. You must master the art of acting like a survivor, on your guard at all times as far as your work is concerned. Hold on to your job and [...]
ShareMake your budget immune against recession by calculating your fixed costs and by identifying how much you need monthly for your basic needs, mortgages, basic utility bills, and credit card minimum due payments. Once you’ve computed how much you need to have to get by, you can focus next on declining, if not totally diminishing, [...]
ShareSome of the fastest growing jobs despite the recession include the jobs such as environmental scientist, hydrologist or geoscientist, and mathematician jobs. It means that the jobs of scientists, such as physicists and biologists, as well as jobs such as actuaries, statisticians, accountants, and software engineers are the top careers during a recession. The problem [...]
ShareRecession brings about impermanence. Whether you’re a business owner, an entrepreneur, or an employee, the unemployment that recession brings affects you. You get laid off from work; companies shut down operations; and there are job cuts everywhere. And it makes job searching even more difficult for you. So, if you are a victim of a [...]
ShareThe economic recession can create the perfect breeding ground to anxious feelings of uncertainty, depression, and hopelessness, especially in those who feel like they have done everything they could to tide themselves over the financial downturn, but are still struggling to survive. Losing a job and a home and having to depend on others for [...]
ShareThe global economic recession has almost everybody stumped about their finances. The recession’s impact on your budget is great. Now you have to keep track of the money coming in and going out of your pocket if you want to survive in these tough times. Some people take book-keeping to a personal level and keep [...]
