2013 Holiday Spirit Clouded By Q4 Layoffs
GoBankingRates.com guide assists those affected by impending year-end layoffs with six tips to ease the shock of getting let go.
LOS ANGELES, Nov. 19, 2013 /PRNewswire/ -- According to the U.S. Bureau of Labor Statistics, the end of the year is a time when mass layoffs are high. To assist those affected, GoBankingRates.com has developed a guide to surviving a layoff. The guide uncovers labor markets that are most at risk of downsizing during November and December 2013.
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Click here to view the complete report, or go to http://bit.ly/1fPsK5D.
"Even though the latest jobs report states we added 204,000 jobs to the workforce, the harsh reality is employers announced plans to cut 45,730 positions that same month," says Jennifer Calonia, editor for GoBankingRates. "We want to help those at risk prepare the best they can."
The report shares six important steps workers can take to minimize the financial blow of losing a job during the holidays:
- Pause retirement account contributions
- Downgrade service contracts
- Update resume and references
- Revisit current employment contract
- Network
- Put holiday shopping on hold
Those faced with year-end layoffs can expect a silver lining in 2014, as more job opportunities in healthcare, technology and hospitality become available.
Additional Findings:
- Q4 has had the highest rate of layoff events in the past two years (2012, 2011).
- Between September 2013 and October 2013, there was a 13.5 percent rise in planned layoffs.
- Regardless of Q4 downsizing, jobs are expected to grow 1.6 percent in 2014.
Click here to learn about The New Working Class, called Wage Slaves, or go to http://bit.ly/1fPtlE8.
About Jennifer Calonia
Jennifer Calonia is a reputed journalist covering personal finance subjects like banking, saving money and debt. Her features and helpful savings tips encourage and empower households across America to achieve financial balance. Her work is featured in major publications like MSN, LearnVest and Business Insider.
About GoBankingRates.com
GoBankingRates.com is a personal finance website that connects consumers with the best interest rates nationwide. Its editors have been featured on several top media outlets such as U.S. News & World Report, Yahoo! Finance, Forbes, CBS MoneyWatch, Huffington Post and more. This study considered additional data belonging to Bureau of Labor Statistics; Challenger, Gray & Christmas, Inc.; and QuERI-International Inc.
Contact
Connie Lundegard
[email protected]
310.297.9233 x112
SOURCE GoBankingRates.com
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