When a debtor faces a job loss, the first thing they should do is apply for unemployment insurance. Don’t make the assumption that you don’t qualify for unemployment insurance, apply and allow them to approve or not approve your benefits.  One of the mistakes that many unemployed workers make is waiting too long to apply for their unemployment benefits, don’t make that mistake, apply as soon as you become unemployed.

Create an accurate budget that lists all of …

Category: Bankruptcy , Economy , Managing Your Finances , Unemployment - Job Loss

Tags: Bankruptcy budget Forbearance Unemployment

While the U.S. lost 106,000 jobs since January, employers have added a net 52,000 temporary jobs since then.  But many economists are saying that the increase in temporary jobs may not be a sign that there is a jobs recovery on the horizon.

“I think temporary hiring is less useful a signal than it used to be,” says John Silvia, chief economist at Wells Fargo. “Companies aren’t …

Category: Dallas Bankruptcy , Economy , Unemployment - Job Loss

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… work for an extended period of time remain unemployed.  There are 5.4 million Americans receiving unemployment benefits and that’s not counting the millions who are receiving benefits through unemployment’s emergency extension.  So how does this widespread joblessness bode for Americans’ future finances?  The truth is that this nation is not set up to handle the long term unemployment we are now experiencing.  People who have debts, such as a mortgage, credit card or even a student …

Category: Bankruptcy , Unemployment - Job Loss

Tags: Bankruptcy Department of Labor Job Loss Unemployment

… just swimming in cash.  But the truth of this matter is that the economy is still faltering.  Unemployment is still over 10 percent nationwide and some states are battling an unemployment rate of 16 percent.  And if that wasn’t enough to rock our already shaky boat, a private survey revealed that many small businesses are planning to implement more job losses.  Already, since 2007, the U.S. has suffered 7.2 million job losses.  Many of those job losses were suffered in sectors …

Category: Unemployment - Job Loss

Tags: Debt Unemployment Unemployment benefits

According to an article in the Dallas Morning News, the unemployment rate has surpassed 10 percent for the first time since 1983.

The article said:

“The Labor Department said Friday that jobless rate rose to 10.2 percent, the highest since April 1983, from 9.8 percent in September. The economy shed a net total of 190,000 jobs in October, less than the downwardly revised 219,000 lost in September, but more than economists expected.” …

Category: Economy , Unemployment - Job Loss

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… in December 2007, there have been 7.2 million job losses and many analysts still predict that the unemployment rate will surpass the 10 percent mark.  Job losses have been one of the main contributing factors to foreclosures on prime- mortgage borrowers and continue to hammer the sales revenue of the retail industry.  Many consumers have cut back on spending in preparation for possible job losses and the savings rate is higher than it has been in years. Until job losses slow, the …

Category: Economy , Unemployment - Job Loss

Tags: Recession Unemployment United States

… in December 2007, there have been 7.2 million job losses and many analysts still predict that the unemployment rate will surpass the 10 percent mark.  Job losses have been one of the main contributing factors to foreclosures on prime- mortgage borrowers and continue to hammer the sales revenue of the retail industry.  Many consumers have cut back on spending in preparation for possible job losses and the savings rate is higher than it has been in years. Until job losses slow, the …

Category: Economy , Unemployment - Job Loss

Tags: Recession Unemployment United States

… results should show as a decrease in job losses. However, job losses have increased and the unemployment rate has risen from 8 percent when the stimulus program began to 9.8 percent in September. Other analysts have noted that even in the housing industry and the government sector where a lot of the stimulus money went, contractors have faced an increased number of job losses and many of the jobs created are not long-term.

Category: Unemployment - Job Loss

Tags: Government Job Search Unemployment

… There are more than 14 million unemployed Americans and five million of them are facing long-term unemployment that could extend well past a year.  Even after the economy improves, many analysts expect that the unemployment rate will continue to rise for about 19 months. What can you do to prepare yourself for the possibility of long-term unemployment?

Get realistic about your job prospects.  How long have you been unemployed?  If it’s already been more than six months, you …

Category: Economy , Unemployment - Job Loss

Tags: Debt Unemployment United States

… face job losses, many credit card companies are encouraging credit cardholders to buy involuntary unemployment credit card (IUCC) insurance which will make your credit card payments while you’re unemployed.  Sounds like a sweet deal; but what are the true costs?

Credit card consumers who buy involuntary unemployment credit card (IUCC) insurance are typically charged 1% of their balance per month in addition to the minimum payment requirement.  For example, if a credit card consumer has …

Tags: Business Credit card Personal Finance Unemployment

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Critics of President Obama are taking advantage of the rising unemployment rate to question the effectiveness of his recovery plan and economic leadership, and the huge budget deficit is only adding fuel to their fire.  President Obama is working to show that there are concrete benefits to his recovery plan, saying that his administration expects to save or create 600,000 jobs this summer, thanks to the federal government spending billions of dollars …

Category: Breaking News , Unemployment - Job Loss

Permalink: /job_loss_unemployment/rising-unemployment-casts-doubts-on-president-obamas-economic-recovery-plan/

According to an article in the Dallas Morning News, the Dallas- Fort Worth unemployment rate has increase to 8.3 percent from 8.2 percent in June and from 5.3 percent a year ago.  And many of Dallas-Fort Worth’s unemployed are not being counted because many have given up searching for work or have taken temporary or part-time jobs.  And despite some job growth in the area, Dallas-Fort Worth has lost a total of 45,400 jobs in the past year. But that’s still not as …

Category: Filing Bankruptcy , Foreclosures , Unemployment - Job Loss

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