Tag: employmentstatus

10.1 Million Americans Are Still Unemployed As Rate Ticks Down To 6.3%

The United States added just 49,000 jobs in January, according to data released by the Labor Department Friday—less than half the 100,000 added jobs economists were expecting as the pandemic continues to force layoffs in industries such as retail and hospitality despite gains in white-collar jobs.

The unemployment rate ticked down to 6.3% in January, from 6.7% in December; the metric hit a record high of 14.7% in April.

There are now 10.1 million unemployed people in the United States, compared to 10.7 million in December, the government said; job gains in professional and business services and education helped offset losses in industries including retail, healthcare, transportation, warehousing and hospitality.

Despite the decrease in unemployment, the number of permanent job losers increased to about 3.5 million in January, from 3.3 million in December—about three times prepandemic levels.

Another grim sign of a still-reeling job market, 400,000 Americans left the labor force last month, pushing the labor force participation rate slightly down to about 61.4%.

Of the 7 million people in America who want a job but are not actively seeking employment, about 4.7 million were prevented from looking for work due to the pandemic, the Labor Department said.

January’s report continues to show stark differences in unemployment by race, with minority groups such as Black Americans and Hispanics facing above-average unemployment rates of 9.2% and 8.6%, respectively.

Crucial Quote

“After contracting in December, the labor market returned to growth in January, as some economic lockdowns eased, which allowed more businesses to stay open,” James McDonald, the CEO of Los Angeles-based Hercules Investments said Friday. “While it’s encouraging to see the economy added jobs in January, we are still far away from pre-Covid-19 employment levels.” Overall, there are still 10 million less jobs than there were before the pandemic.

Big Number

17.8 million. That’s how many people were still receiving some form of government unemployment benefit last week—shockingly high compared to the 2.1 million total claims filed in the comparable week in 2020, according to weekly data released Thursday. That’s higher than the number of unemployed Americans, due to a startling number of people who’ve dropped out of the labor force because they’re no longer looking for work.

 

Key Background

The Congressional Budget Office said Monday that it does not expect employment will reach prepandemic levels until 2024–echoing similar estimates from economists predicting that the labor market recovery will severely lag the broader economic recovery in the years to come. Dallas Federal Reserve President Robert S. Kaplan said Thursday that the next two to three months will remain challenging for the economy even though widespread vaccination efforts should help curb some of the downside economic risks of increased Covid-19 infections. 

Tangent

After an all-night session, the Senate narrowly approved a budget resolution Friday morning that will allow Democrats to move forward on President Joe Biden’s lofty $1.9 trillion stimulus proposal without any Republican backing. It’s likely the package will need to be trimmed down to satisfy some of the more conservative Democrats, but experts, including Vital Knowledge Media Founder Adam Crisafulli, still estimate the resulting bill could total as much as $1.7 trillion and hit President Biden’s desk before the current enhanced federal unemployment benefits expire on March 14. Biden’s plan extends the enhanced benefits of $400 per week through September.

Further Reading

Senate Approves Budget Resolution Paving The Way For Biden’s $1.9 Trillion Stimulus Plan (Forbes)

Another 779,000 Americans Filed For Unemployment Last Week (Forbes) Follow me on Twitter. Send me a secure tip. 

Jonathan Ponciano

Jonathan Ponciano

I’m a reporter at Forbes focusing on markets and finance. I graduated from the University of North Carolina at Chapel Hill, where I double-majored in business journalism and economics while working for UNC’s Kenan-Flagler Business School as a marketing and communications assistant. Before Forbes, I spent a summer reporting on the L.A. private sector for Los Angeles Business Journal and wrote about publicly traded North Carolina companies for NC Business News Wire. Reach out at jponciano@forbes.com.

.

NBC News 5.13M subscribers NBC News’ Steve Patterson shares the stories of Kanisha Mayweather, Stacy Davis and Victor Patterson — three of the millions of unemployed Americans who have faced the pandemic with faith and perseverance since March.» Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC​ » Watch more NBC video: http://bit.ly/MoreNBCNews​ NBC News is a leading source of global news and information. Here you will find clips from NBC Nightly News, Meet The Press, and original digital videos. Subscribe to our channel for news stories, technology, politics, health, entertainment, science, business, and exclusive NBC investigations. Connect with NBC News Online! Visit NBCNews.Com: http://nbcnews.to/ReadNBC​ Find NBC News on Facebook: http://nbcnews.to/LikeNBC​ Follow NBC News on Twitter: http://nbcnews.to/FollowNBC​ Follow NBC News on Instagram: http://nbcnews.to/InstaNBC​ Unemployed Americans Still Struggling During pandemic: ‘I Do A Lot Of Praying’ | NBC Nightly News

More Contents:

Calculated Risk: January Employment Report: 49 Thousand Jobs, 6.3% Unemployment Rate http://www.calculatedriskblog.com – TodayA top ranked economics and finance blog with a focus on the housing market…1

Calculated Risk: Comments on January Employment Report http://www.calculatedriskblog.com – TodayA top ranked economics and finance blog with a focus on the housing market…1

Home – Team Techleap.nl techleapsummit.nl – Today[…]   Throughout his career, Rutte has been appointed: the State Secretary for Social Affairs and Employment (22 July 2002 to 17 June 2004), a member of the Lower House for the VVD (January 30, 2003 to Ma […] What started as a simple website grew into an innovative employment agency and has been growing fast ever since […]N/A

Internship Program http://www.jcvi.org – Today[…] one month prior to the program start date A “B” average Full-time enrollment (students) or proof of employment for the upcoming school year (educators) Strong interest in a science career Summer internship […] program? To be eligible for the program, you must be a full-time student or educator with proof of employment in the upcoming year […]N/A

Jobs & Careers Center – generic www2.aag.org – Today[…] to provide one-on-one and small-group consultation about careers in a variety of industries and employment sectors […]N/A

Alberta’s jobless rate drops to 10.7 per cent in January | Globalnews.ca globalnews.ca – Today[…] The survey noted that while employment held steady in natural resources, it fell in accommodation and food services […]6

Rutherford County School District – Level 6 Construction Worker ats4.atenterprise.powerschool.com – Today[…] of race, color, religion, sex, national origin, age, or disability in its educational programs or employment policies as required by Titles VI and VII of the Civil Rights Act of 1964, the Equal Pay Act o […]0

Feed Administrator careers.purdue.edu – Today[…] or Canadian driver’s license Additional Information: Purdue will not sponsor employment authorization for this position A background check is required for employment in this position FLSA: Exempt (Not Eligible For Overtime) Retirement Eligibility: Define […]1

Independent Electrical Contractors http://www.ieci.org – Today[…] businesses, to secure legal advice on complex labor law matters; Prohibit arbitration agreements in employment contracts; Infringe on the due process rights of employers; Strip away “secondary boycott […]0

‘People are hurting, and we can fix it’: Biden talks up his aid plan after soft jobs report http://www.marketwatch.com – Today[…] “The soft January US employment report strongly implies that the next round of fiscal aid/stimulus needs to avoid an error on th […]N/A

FTSE 100 and Wall Street both mixed, with Big Tech down but GameStop surging http://www.proactiveinvestors.co.uk – Today[…] Traders appeared to be keeping their powder dry ahead of US employment numbers […] call, in large part because our usual guide during the pandemic—the daily Homebase small business employment numbers—appears unable to capture the huge seasonal drop in employment when the holidays end,” said Ian Shepherdson at Pantheon Macroeconomics […] to point to little change in the official measure but the seasonal factor for January services employment is huge and positive; last year, it added exactly 1,500K to the unadjusted number […]N/A

U.S. House expected to advance Biden’s $1.9 trillion COVID aid package | Law-Order http://www.devdiscourse.com – Today[…] employment growth rebounded less than expected in January and job losses the prior month were deeper tha […]0

Newly Qualified Social Worker socialworkjobs.torbay.gov.uk – Today[…] We commit to providing you with an Assessed and Supported Year in Employment with the emphasis on support […]N/A

OHCHR | EU needs to reinvent itself to win fight against poverty – UN expert http://www.ohchr.org – Today[…] Since the EU has experienced steady economic and employment growth until very recently, the only explanation for this failure is that the benefits have no […]N/A

Systems Administrator (NAVSEA) | iCIMS Social Distribution social.icims.com – Today[…] All qualified applicants will receive consideration for employment without regard to race, color, religion, sex (including pregnancy, gender identity and sexua […] * A Background Check will be conducted, verifying such information as criminal records, employment and education verifications, etc […]N/A

Peterborough audio electronics company Bryston sold, relocating manufacturing to Muskoka area | Globalnews.ca globalnews.ca – Today[…] “For those who are not able to relocate we will be assisted in finding new employment in Peterborough […]3

Job Details | Blacks in Higher Education http://www.blacksinhighered.com – Today[…] A minimum of three years of employment in a healthcare facility, including a minimum of 160 hours in an ambulatory healthcare settin […] and any other category protected by federal or state civil rights law with respect to all employment, programs and activities sponsored by the Board […]1.6K

Desktop Support Technician Mental Health Center of Denver – Denver – CO – USA http://www.job.net – TodayDesktop Support Technician for Mental Health Center of Denver in Denver, CO USA EMPLOYMENT VALUE PROPOSITION: Mental Health Center of Denver provides you with the support you need to hel […] All qualified applicants will receive consideration for employment, transfer, or promotion opportunities without regard to race, color, religion, gender, gende […]0

Buying into a Franchise? Do you have unclaimed money? mailchi.mp – TodayStay up to date with the McKillop Legal Blog Search for articles of interest to you, your family or your business ESTATE PLANNING | PROBATE & ESTATE ADMINISTRATION TRUSTS | ASSET PROTECTION | RISK MANAGEMENT  BUSINESS SUCCESSION | SUPERANNUATION INSOLVENCY & BANKRUPTCY | EMPLOYMENT LAW DEBT RECOVERY | ONLINE BUSINESS TRADEMARKS & INTELLECTUAL PROPERTY COMMERCIAL LAW | DISPUTE RESOLUTION0

EMT Paramedic or LVN Worksite Clinic PRN – Careers At Medcor Inc medcor.hrmdirect.com – Today[…] maintain internal team relationships Support for onsite employee health and wellness efforts Pre-employment and post-offer screenings Documentation of care using state-of-the-art EMR and other tools Cas […] We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity or expression […] maintain internal team relationships Support for onsite employee health and wellness efforts Pre-employment and post-offer screenings Documentation of care using state-of-the-art EMR and other tools Cas […]0

Course Details – Naval War College at NPS – Naval Postgraduate School nps.edu – Today[…] into naval, joint and multinational operations, with particular emphasis on the operational art and employment of the Sea Services […]0

Jobs, Austin FC, Careers http://www.teamworkonline.com – Today[…] Details: It is the policy of Austin FC not to discriminate against any employee or applicant for employment because of race, color, sex, national origin, religion, age, gender, sexual orientation, gende […]   All selected candidates are subject to passing a background check prior to employment […]N/A

Registered Nurse RN Worksite Clinic – Careers At Medcor Inc medcor.hrmdirect.com – Today[…] maintain internal team relationships Support for onsite employee health and wellness efforts Pre-employment and post-offer screenings Documentation of care using state-of-the-art EMR and other tools Physical […] We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity or expression […]0

HOT JOBS & COOL JOBS: IT FIELD SERVICE TECHNICIAN BEAUMONT TX USA http://www.e-physician.info – Today[…]  It is our goal to outperform the competition in the areas of employment, service, and safety […]N/A

Registered Nurse RN Worksite Clinic PRN – Careers At Medcor Inc medcor.hrmdirect.com – Today[…] maintain internal team relationships Support for onsite employee health and wellness efforts Pre-employment and post-offer screenings Documentation of care using state-of-the-art EMR and other tools Physical […] We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity or expression […]0

Regional job fair being held virtually in March | Owen Sound Sun Times owensoundsuntimes.com – Today[…] continued A job fair has been held each winter in Owen Sound since 2014 when the city and YMCA Employment Services organized an event at the Lumley-Bayshore […] The organizing committee also includes officials from YM

Combating Unemployment Fraud With Biometrics And Common Sense

Some 837,000 Americans filed initial claims for unemployment insurance last week, according to the U.S. Department of Labor. While this reflects a slight decrease from the previous week, initial jobless claims are still stuck above the highest levels reached in the 2008-2009 Great Recession, according to The Associated Press. This number doesn’t paint a completely accurate picture because California, which accounts for more than a quarter of the country’s aid applications, provided the same figure it did the previous week.

Why? Because the State of California Employment Development Department has stopped accepting new jobless claims during a two-week reset period so it can tackle a backlog of 600,000 claims and implement some much-needed anti-fraud technology.

While the U.S. labor market continues to grapple with the effects of COVID-19, government agencies providing unemployment benefits are also grappling with a spike of fraudulent claims related to the pandemic by people using stolen identities.

Using stolen data to steal benefits

Earlier this year the FBI reported that U.S. citizens from several states have been victimized by criminal actors using stolen personally identifiable information (PII) to submit fraudulent unemployment insurance claims online. The ability to obtain PII is nothing new — fraudsters were doing this well before the onset of the pandemic.

Between data breaches, the dark web, phishing attacks, social engineering and impersonation scams, it’s easy for cybercriminals to get their hands on names, Social Security numbers, phone numbers and home addresses. They then have enough information to pose as their victim and file a fraudulent claim online with the ultimate goal of gaining control of communications and payments.

Victims of unemployment insurance theft often don’t know they’ve been targeted until much later, when they try to file their own claim for unemployment insurance or receive a notification from the state unemployment insurance agency. In some cases, this correspondence comes in the form of a physical letter containing the full Social Security number or other valuable PII of the person being defrauded. If the fraudster has already changed the mailing address tied to the claim, the government is unintentionally putting the victim at higher risk for continued identity theft.

Fighting fraud with digital identity verification

It’s clear that the current process of allowing people to file unemployment claims using readily available information isn’t working because there is no way to determine whether someone filing the claim is who they say they are. Data-centric approaches alone do not meet Gartner’s definition of identity proofing because there is no test that the individual claiming the identity is, in fact, the authentic possessor of that identity. The identity assurance achieved with this capability used in isolation is relatively low, relying only on “something you-but-not-only-you know.”

Implementing a biometric-based identity verification process is key to thwarting unemployment fraud amid the pandemic and beyond. Government agencies responsible for each state’s unemployment benefits program need to consider high-assurance solutions with the following four requirements: 

  1. Government-issued ID: Asking for a photo of a driver’s license or passport when someone files a new claim establishes the individual’s real-world identity, and AI-powered software can quickly determine if the ID document is real.
  2. Real-time selfie: Determine if the person possessing the ID is who they claim to be. Requiring a selfie also acts as a strong deterrent to fraudsters who generally do not want to show their face while committing a crime.
  3. Liveness detection: Ensure the individual is physically present and not a spoof by incorporating liveness checks which can sniff out if someone is using a video or a picture of a picture instead of a valid selfie. 
  4. Ongoing biometric authentication: Require the user to capture a new selfie which creates a fresh biometric that is instantly compared to the original selfie to confirm the account owner is the actual person logging into the account.

By implementing advanced digital identity verification, government agencies can adapt to the modern fraud landscape and prevent cybercriminals from stealing unemployment benefits from the citizens who truly need them, while making it easier and more secure for legitimate users to submit claims and access their accounts.

Robert Prigge

Robert Prigge

Robert is responsible for all aspects of Jumio’s business and strategy. Specializing in security and enterprise business, he held C-level or senior management positions at Infrascale, Secure Computing, McAfee, Quest Software, Sterling Commerce and IBM.

.

The 30 Best High-Paying Jobs of the Future

The novel coronavirus pandemic has had a major effect on employment in nearly every industry over the past few months. However, the future of work is still looking pretty bright for medical and tech jobs, based on data and projections from the US Labor Department.

As Americans look forward to finding their next potential job, Business Insider decided to look at high-paying jobs that have bright futures ahead of them.  

The Bureau of Labor Statistics’ Employment Projections program publishes estimates for job growth across hundreds of occupations. The most recent release came out this month and compares how many people worked in each occupation in 2019 with the Bureau’s projections for 2029.

We combined those job growth projections with 2019 median annual earnings for each occupation from the Bureau’s Occupational Employment Statistics program, using the geometric mean of the two numbers, to find roles that are both growing and high-paying.

Since we are focused on high-paying jobs, we restricted our ranking to occupations with 2019 median earnings above the median among all occupations of $39,810.

Here are the 30 best jobs of the next decade or so:

30. Marketing managers

Projected new positions between 2019 and 2029: 19,100

Median annual earnings in 2019: $136,850

Typical educational requirements: Bachelor’s degree

29. Industrial engineers

Projected new positions between 2019 and 2029: 30,000

Median annual earnings in 2019: $88,020

Typical educational requirements: Bachelor’s degree

28. Computer user support specialists

Projected new positions between 2019 and 2029: 54,800

Median annual earnings in 2019: $52,270

Typical educational requirements: Some college, no degree

27. Human resources specialists

Projected new positions between 2019 and 2029: 46,900

Median annual earnings in 2019: $61,920

Typical educational requirements: Bachelor’s degree

26. Elementary school teachers

Projected new positions between 2019 and 2029: 51,400

Median annual earnings in 2019: $59,670

Typical educational requirements: Bachelor’s degree

25. Licensed practical and licensed vocational nurses

Projected new positions between 2019 and 2029: 65,700

Median annual earnings in 2019: $47,480

Typical educational requirements: Postsecondary nondegree award

24. Speech-language pathologists

Projected new positions between 2019 and 2029: 40,500

Median annual earnings in 2019: $79,120

Typical educational requirements: Master’s degree

23. Industrial machinery mechanics

Projected new positions between 2019 and 2029: 62,300

Median annual earnings in 2019: $53,590

Typical educational requirements: High school diploma or equivalent

22. Electricians

Projected new positions between 2019 and 2029: 62,200

Median annual earnings in 2019: $56,180

Typical educational requirements: High school diploma or equivalent

21. Sales representatives of services (except advertising, insurance, financial services, and travel)

Projected new positions between 2019 and 2029: 64,200

Median annual earnings in 2019: $56,130

Typical educational requirements: High school diploma or equivalent

20. Substance abuse, behavioral disorder, and mental health counselors

Projected new positions between 2019 and 2029: 79,000

Median annual earnings in 2019: $46,240

Typical educational requirements: Bachelor’s degree

19. Ophthalmologists (except pediatric) and all other physicians

Projected new positions between 2019 and 2029: 18,500

Median annual earnings in 2019: $206,500

Typical educational requirements: Doctoral or professional degree

18. Construction managers

Projected new positions between 2019 and 2029: 40,400

Median annual earnings in 2019: $95,260

Typical educational requirements: Bachelor’s degree

17. Lawyers

Projected new positions between 2019 and 2029: 32,300

Median annual earnings in 2019: $122,960

Typical educational requirements: Doctoral or professional degree

16. Information security analysts

Projected new positions between 2019 and 2029: 40,900

Median annual earnings in 2019: $99,730

Typical educational requirements: Bachelor’s degree

15. Physical therapists

Projected new positions between 2019 and 2029: 47,000

Median annual earnings in 2019: $89,440

Typical educational requirements: Doctoral or professional degree

14. Computer systems analysts

Projected new positions between 2019 and 2029: 46,600

Median annual earnings in 2019: $90,920

Typical educational requirements: Bachelor’s degree

13. Physician assistants

Projected new positions between 2019 and 2029: 39,300

Median annual earnings in 2019: $112,260

Typical educational requirements: Master’s degree

12. Accountants and auditors

Projected new positions between 2019 and 2029: 61,700

Median annual earnings in 2019: $71,550

Typical educational requirements: Bachelor’s degree

11. Postsecondary health specialties teachers

Projected new positions between 2019 and 2029: 52,100

Median annual earnings in 2019: $97,320

Typical educational requirements: Doctoral or professional degree

10. All other project management specialists and business operations specialists

Projected new positions between 2019 and 2029: 79,800

Median annual earnings in 2019: $73,570

Typical educational requirements: Bachelor’s degree

9. Computer and information systems managers

Projected new positions between 2019 and 2029: 48,100

Median annual earnings in 2019: $146,360

Typical educational requirements: Bachelor’s degree

8. Management analysts

Projected new positions between 2019 and 2029: 93,800

Median annual earnings in 2019: $85,260

Typical educational requirements: Bachelor’s degree

7. Market research analysts and marketing specialists

Projected new positions between 2019 and 2029: 130,300

Median annual earnings in 2019: $63,790

Typical educational requirements: Bachelor’s degree

6. Nurse practitioner

Projected new positions between 2019 and 2029: 110,700

Median annual earnings in 2019: $109,820

Typical educational requirements: Master’s degree

5. Medical and health services managers

Projected new positions between 2019 and 2029: 133,200

Median annual earnings in 2019: $100,980

Typical educational requirements: Bachelor’s degree

4. Financial managers

Projected new positions between 2019 and 2029: 108,100

Median annual earnings in 2019: $129,890

Typical educational requirements: Bachelor’s degree

3. General and operations managers

Projected new positions between 2019 and 2029: 143,800

Median annual earnings in 2019: $100,780

Typical educational requirements: Bachelor’s degree

2. Registered nurses

Projected new positions between 2019 and 2029: 221,900  

Median annual earnings in 2019: $73,300

Typical educational requirements: Bachelor’s degree

1. Software developers and software quality assurance analysts and testers

Projected new positions between 2019 and 2029: 316,000  

Median annual earnings in 2019: $107,510

Typical educational requirements: Bachelor’s degree

By: Andy Kiersz and Madison Hoff

More from Entrepreneur

Sign up now to Entrepreneur Press: Book of the Week

Get heaping discounts to books you love delivered straight to your inbox. We’ll feature a different book each week and share exclusive deals you won’t find anywhere else. Sign Up Now

Jumpstart Your Business with Entrepreneur Insider

Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level. Join Now

Check out Entrepreneur Insurance

Are you paying too much for business insurance? Do you have critical gaps in your coverage? Trust Entrepreneur to help you find out. Get Your Quote Now

Related Books

The Naming Book

Buy From

The Unstoppable Journal

Buy From

Ultimate Guide to Link Building

Buy From

Career Rehab

Buy From

Entrepreneur Voices on Elevator Pitches

Buy From

No B.S. Marketing to the Affluent

Buy From

Free Webinar | Sept. 30: Winners and Losers of the Post-COVID World

The Future of Work

What Is the Real Future of Work?

The Future of Work

Keep Up With the Future of Work by Looking to Your Gen Z Colleagues

The Future of Work

Decentralization: The Story of Successful Companies Is About to Change

Small Business Survives and Thrives

4 Trends That Are Shaping the Future of Work

An Expert on Getting Fired Shares How to Suck It up and Push Forward

1

Sometimes I get asked about hard decisions I’ve had to make in my career and how I’ve dealt with it. The hardest decisions in my career were the ones that were made for me. Namely, being terminated from a job.

As the effects of COVID-19 continue to unfurl, many promising careers are coming to an abrupt end. Headlines from all over the world are about companies large and small being forced to let employees go. It’s been a jolt to the senses.

I’ve had the “luxury” of getting let go (fired) from the last four companies that employed me. That’s right. I’ve been sacked four times in the last four and a half years. Before you pass judgement, I should note that I’ve over delivered and shattered every goal and benchmark I set from the start. Four years ago I moved from Washington, D.C., and entered the startup scene here in Copenhagen, Denmark. I brought my American work ethic and culture with me.

Regardless of the reasons I was fired—I don’t believe it was ever due to my processes, skills, or results—purpose of this article is to share with you how I’ve managed to spring back faster and stronger from being cut out of my job, time after time. … And how you can, too.

Get a reason.

In most cases, this type of abrupt change has given me a chance to reflect and re-frame my energy toward constructive growth. Self-reflection after being let go from a job is incredibly important. Even if you weren’t a fan of your previous boss or supervisor, there’s almost always a nugget of truth in their reasoning. It’s beneficial for you to consider it from his or her point of view.

I’ve always asked for a meeting a day or two after I sign the termination paperwork so I can gather my thoughts. I try to schedule an hour with my supervisor. And unless you’ve really messed something up, they’re likely to give you time. Why meet again after the initial firing?

Get some certainty: In many cases, you will replay the moments of that final conversation over and over in your head. Take notes on “the why” that led to the decision.

Get the story straight: Make sure that if you’re going to use your recent ex-employer as a reference, they have the right story and agree to give the positive side to your abilities.

Expectations of the future: Maybe you can ask about getting access to documents or files. Maybe there were some email connections you made. It never hurts to ask. The worst they can say is no.

Here are some additional considerations during your post-firing meeting:

Objectivity: Taking the objective route of working your way through thinking about the firing from their perspective can be cathartic.

Humanize it: Think of the person who fired you as a flawed human just like the rest of us and assume he or she made a decision out of something that was based in reason or fairness.

Beyond control: If the firing was only due to economic reasons, then rest assured that this happened through no fault of your own.

Angles: Consider the circumstances from all angles before moving forward. Would colleagues agree with the decision? Would a perfect stranger? Would it matter?

Post firing exercise.

In order to move on fast while growing as an individual and professional, I advise giving the following topics some thought. Write a few bullet points out:

  • Top 3 reasons given for being let go: X, Y, Z
  • Top 3 things I could have done to avoid this: A, B, C
  • Top 3 things I can learn to overcome A, B, C and avoid X, Y, Z are 1, 2, 3

If you couldn’t have changed anything, you’re nearly ready to move on. If you could improve something; save that. This should be the cornerstone of your road map moving forward.

changelly5Also important is to give yourself a reasonable period of time with a specific end date/time in mind where you are no longer going to allow yourself to feel bad about being fired. The last time I was terminated, I gave myself a total of an hour to feel sorry for myself. The first time I got fired I gave myself three days to throw myself a pity party. It’s OK to embrace all of the non-productive “woe is me” thoughts during this time. But once the time limit I set in advance was up, I set my mind into a state of focus on the next steps. Fight the urge to bring up or dwell on negative thoughts. They won’t serve you and won’t change anything.

Create your to-do list.

Step one to moving forward is starting something … anything. Often, the less time you put between your last day and getting back on your journey makes bouncing back much easier.

Focus on completing your to-do list. Put yourself into something that is cathartic but also measurable. Blend it with the three things you need to learn from the earlier bullet point exercise (Remember: X, Y, Z, / A, B, C, and 1, 2, 3). Even if you don’t believe in the reasons for your untimely exit, these points are still somewhat valid. Set a schedule that reflects working hours and begin working through your “to do list.”

Depending on your circumstances, you may feel that some self-improvement is necessary. Go for it. Find out what courses or books might help provide you with the insights and skills you need to take you to the next level. Perhaps even consider meditation if you don’t practice it already. A clear mind is ready for new challenges.

From there, of course, you’ll want to think about creating income. In other words, finding a new job. Spend time updating your resume, portfolio, and LinkedIn profile. While you’re on LinkedIn, consider reaching out to your connections. Someone you know in your industry might already be hiring for your next dream job. Never forget to ask for the job at the end of a meeting for just help in general. I always try to remember to ask people how I can help them for good measure, as well. Create a list of job prospects and keep it updated as your conversations progress.

Be proactive about staying positive.

Finding a new job might happen fast, or it might take some time. What should you do if the negative thoughts persist? Repurpose them into something constructive. Gamify it.

  • I’m not good enough = Work through a tutorial on YouTube and learn a new skill
  • Nobody will hire me = Make three new connections on LinkedIn or apply for three jobs
  • Nobody likes me = Read a chapter of a self-improvement book of your choice
  • I don’t have a network = Go to one event per week (virtual!) and meet three people

What came of my job losses?

I used all of my negative experiences as momentum and pure energy to drive forward. I went all-in on working toward setting meetings and interviews.

And you can do that, too.

After my last firing, I came to terms with my desire to run my own companies again rather than defer to others. Public speaking came first. I landed a ton of talks at meetups, keynotes, and guest lectures. When talking about what I was working on, I had a sense of humor about my job loss and used the opportunity to also mention I was looking for new clients and investment.

Ultimately, I went full in on my digital marketing/growth-hacking agency and proptech startup for architects.

Losing your job is not your identity, so don’t make it into one. Unemployment is temporary.

Remember things always get better when you’re being constructive. Building a to-do list and sticking with it should be your goal for now.

And whatever you do, don’t feed negative thoughts. They grow every time you give them a chance. Use any negative inclinations that spring up as momentum to get more done.

Never be afraid of asking for help. Put yourself out there. I’ve certainly done it here.

By: Taylor Ryan CEO Klint Marketing

bevtraders-2

Record Unemployment Has Contributed To A ‘Striking’ Shift Toward Bitcoin, New Research Reveals

1

Bitcoin interest has surged in the wake of the coronavirus pandemic and the unprecedented measures undertaken by governments to contain it while propping up the global economy. The bitcoin price has bounced back to almost $10,000 per bitcoin after crashing to under $4,000 during the broad March coronavirus sell-off. Now, new research has revealed the extent public opinion has shifted toward bitcoin since 2017—with almost half of millennials “likely” to buy bitcoin within the next five years.

“With over 20 million Americans currently unemployed, the public narrative towards bitcoin has changed,” researchers at financial information platform The Tokenist wrote, summarizing their findings. “The results are striking. We found increased knowledge of, and growing confidence in, bitcoin among all age and gender groups surveyed. This effect was most pronounced in millennial respondents, 45% of whom would now preferentially invest in bitcoin over stocks, real estate and gold.”

As the coronavirus Covid-19 swept across the U.S., the unemployment rate soared to almost 15% in April, the highest level on record, with millenials among the hardest hit. In February, the unemployment rate was at a half-century low of 3.5%. The survey, which gauged how market fluctuations caused by Covid-19 has affected people’s view of bitcoin, revealed 47% of people trust bitcoin over big banks, an increase of 29 percentage points over the past three years.

Meanwhile, 43% of respondents, and 59% of millennials, thought that most people will be using bitcoin within the next decade and 44% of millennials report that they are likely to buy bitcoin in the next five years. “These data indicate that bitcoin has a bright future, and will likely benefit significantly from the current market crisis,” the researchers wrote. “With confidence in traditional investment instruments decreasing, bitcoin stands poised to offer investors an alternative, long-term store of value.”

1

The research chimes with reports from the bitcoin and cryptocurrency community that coronavirus and its ramifications has boosted interest in bitcoin. “The surging activity we’ve seen since the beginning of 2020 has been in part inspired by the Federal Reserve’s unprecedented monetary intervention,” Alex Leishman, the founder of River Financial, a San Francisco-based startup bitcoin brokerage and financial services firm that has seen its client base double every month this year, said last week.

Growing interest in bitcoin from “seasoned macro investors” like Paul Tudor Jones, Dan Tapiero and Raoul Pal is legitimizing bitcoin “within the mainstream finance community,” according to Leishman. “The evolution of finance is only happening faster in the wake of the current global economic crisis, which has illuminated holes within traditional financial systems that can potentially be filled by bitcoin,” said Olaf Carlson-Wee, founder of hedge fund Polychain Capital, who recently led a River funding round.

The Tokenist surveyed around 5,000 people through April 2020, comparing the findings to surveys carried out by brokerage eToro, investor Blockchain Capital, and personal finance website BankRate in 2017.

Billy Bambrough

Billy Bambrough

I am a journalist with significant experience covering technology, finance, economics, and business around the world. As the founding editor of Verdict.co.uk I reported

More than two million Americans requested unemployment compensation for the first time last week, which may or may not affect Bitcoin. Recording its seventh consecutive week of decline, last week hosted 2.44 million new unemployment claims, CNBC said in a May 21 brief . These numbers, however, fall within range of economist expectations. Within the timeframe surrounding coronavirus, Americans have posted 38.6 million jobless claims to date, CNBC said. Morgan Creek Digital co-founder and partner expressed a push of sentiment favoring a national reopening after weeks of business closures and shelter-in-place orders, which have increased job loss numbers.”We have to get the economy open and put people back to work safely,” Pompliano said in May 21 Tweet citing recent unemployment numbers. Do the recent job loss numbers affect Bitcoin
All data is taken from the source: https://cointelegraph.com/ Article Link: https://cointelegraph.com/news/recent…
%d bloggers like this: