It Isn’t TGIF For Job Seekers

credit: jm3

TGIF used to mean “Thank God It’s Friday,” but the phrase has been losing meaning in the sinking economy. For many, Friday is no longer the last day of the work week, but just another day to job hunt.

Nationwide unemployment has hit 5.5%, up from 5% in April - that’s the steepest monthly increase in over 22 years.According to the Labor Department, more than 324,000 jobs have been lost this year, 49,000 in May alone. Those are a lot of American out of work.

Contrary to intuition, many of the jobless are not minimum wage workers, but rather high-powered Wall Street types that a scrambling to find a new job to replace their previously six-figure salaries. For many job counselors, the goal is to find workers a job making at least 80% of what they used to, but sadly, for these top-level job seekers, the jobs just aren’t there.

For ever lost job, there is a story, and an urgent need for new employment. But with a struggling economy, failing job market, and rising costs, the future looks bleak. However, we should not lose hope: instead of job seeking the old way, start with networking. Talk to everyone you know, and ask them to talk to everyone they know. After all, new times require new ways.

Tags: Employment | Job hunting | Jobs & Employment | unemployment