Not a great time to switch jobs
July 3, 2009 by Jennifer Chait
Filed under Workplace
Oddly I know a few people looking to switch jobs right now. This seems a little nutty to me. My advice – um, don’t. The unemployment situation is not only not improving but it’s steadily getting worse.
If you’ve got a job it’s likely smart to hang onto it while you can. Not to be a downer, but according to a report this week at CNN Money, the unemployment rate charged upwards for the ninth straight month in June, climbing to 9.5% from 9.4%, and hitting another 26-year high.
Additionally this report notes that it’s predicted that unemployment rates will hit 9.6% before the year ends. But technically it could get even worse as Briefing.com predicted a June job loss of 365,000 but in reality numbers of jobs lost hit 467,000. It’s pretty darn abysmal. Looking for new work may not be the right choice at this time.
Now, I know this is not the jolliest of news to kick off the holiday weekend but there’s at least one good thing happening on the job front right now. If you are employed a raise might be on the horizon.
If you’ve currently been laid-off there are many good resources to browse that could help you to get back on your feet:
- From CNN Money; “Three out-of-work professionals get makeovers from a team of four top career experts. Result: One master plan for each, full of smart strategies to find a job in a tough market. Their advice can boost your prospects too.” Read it – Find a job in a tough economy
- An excellent piece at The Wall Street Journal: Explaining Your Layoff to a Job Recruiter
- Tips for Surviving Unemployment – Part 1
- Tips for Surviving Unemployment – Part 2
