Layoffs in the U.S. hit a more than two-year high in January as technology firms cut jobs at the second-highest pace on record, with all indicators Where do you start if you are one of the people impacted by a job layoff? Here are tips that will help you navigate the process
Photo: Getty Images. Illustration: Inc. Magazine
Last year at this time, the economy was humming along, with unemployment at 3.8 percent overall and 2.0 percent for college grads. January 2021 s unemployment rate is at 6.3 percent, which means that an awful lot of people who lost their job during the peak of pandemic unemployment are still looking for a job.
If you re hiring, it s time to look at some of those people who have been unemployed for six months or more. (Some people have been unemployed for a much longer time!) Companies often prefer to hire people who are already employed, but if you want to do what is best for your community and your company, it s time to look at the long-term unemployed.