The current unemployment rate in America is just over 10 percent and doesn’t show any signs of dropping soon. All categories of workers, from high school students seeking their first job to laid-off former CEOs, are having great difficulty finding the type of job opportunities that used to be common. This is a situation that most of us have never seen before.
While teenagers are willing to work for minimum wage, many established workers are now being forced to work for that or face no income at all. People who are highly skilled are taking jobs they would have laughed at several years ago. This is what happens when the job market becomes truly dire.
Taking on multiple jobs has been a viable alternative in previous downturns for an individual who is struggling to survive. That option is not viable at the present time, because of the inherent difficulty in landing the initial position. At the present time, most people are focusing their financial thinking on their short term immediate needs, rather than planning large expenditures.
Another Christmas is almost here and there should be some added jobs for the holiday season. This is good news for teenagers and workers who are looking for part time work in places where you don’t need much experience. This will be the third holiday season where times have been tough and many retailers are hoping this year turns out to be better than the last couple. If it isn’t, we will no doubt see another group of companies file for bankruptcy.
If you are looking for a job now, you will undoubtedly face your share of rejection. This is a good time to go back to school if you can or to study to add to your skills. Those folks who are persistent and never give up will be the ones who find the jobs. This is time when it is easy to get discouraged and think there is no hope but there will always be a tomorrow and times will get better again.