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News Now

Consumer
Companies start to hire not fire
McLEAN, Va. (11/2/09)--A new survey by the National Association for Business Economics, Washington, D.C., finds that economic recovery is slowly under way. For the first time since the recession began, more companies are planning to add staff than to cut jobs (USA Today Oct. 26). This may be good news for the future, but if you’re unemployed, you’re probably wondering how you’re going to stay afloat until your personal situation improves (Marketwatch.com Oct. 27). If you’ve experienced a job loss, the Credit Union National Association’s Center for Personal Finance gives this advice to help you get back in the job market:
* Get the word out. The most important thing to do is communicate. Let everyone know you’re looking for a job. * Network. The more people who know you’re looking for work, the better. Don’t forget former co-workers. Consider using professional online networking tools such as LinkedIn to stay in touch with former colleagues and business acquaintances. * Consider temp work--especially if you need to work now. Some income is better than none, and you never know when something temporary may turn into a permanent position. * Revamp your résumé. Focus on achievements rather than descriptions; edit, cut, and condense your information; list your successes by showing your accomplishments, committees you’ve joined, and quantifiable results. * Think about nontraditional job options. Using your talent and skills from a previous job and working from home can make freelancing or starting a small business a lucrative option.
For more help in surviving a job loss, see the “Get Back in the Game After Losing a Job” Turning Point in Home & Family Finance Resource Center.
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