Unemployment Mistakes…
I read an interesting article in Time magazine by Nina Easton about the fifth extension of unemployment benefits. Unemployment benefits can now run up to 99 weeks.
http://www.time.com/time/magazine/article/0,9171,1953704,00.html
She believes the extra long extensions to unemployment benefits are detrimental to pulling the economy out of the gutter.
My first reaction was to disagree. This is a tough economy and finding a job is difficult but… now I’m beginning to wonder if she’s right.
When I was laid off in late 2008, I didn’t apply for unemployment. I was so sure I’d find a job quickly that I didn’t want to deal with the paperwork. I hand delivered 5-7 applications a day and before I knew it, 4 weeks had slipped by. I started to panic and a sense of desperation overwhelmed me. I bumped up my search, applied for any and every job including dog trainer and street sweeper, and found a job before 2009 started. I worked pushing shopping carts and boxing groceries until I found a permanent position.
When my husband was laid off in late 2009, he searched for jobs in his field and applied for an average of 3 jobs a week. We knew unemployment bought us about 6-9 months worth of time and were willing to wait for the right position. He was eventually re-hired for his old position a few months later.
No, I don’t think this is true of everyone but I do wonder if nearly two years of unemployment checks is only making the problem worse.
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Filed under: Finance, Money Saving Ideas
