How Laid-Off Workers Are Making It Through: Survey

Dealing with greater financial pressures and competing in the most challenging job markets in U.S....
How Laid-Off Workers Are Making It Through: Survey
6/25/2009
Updated:
6/25/2009
Dealing with greater financial pressures and competing in the most challenging job markets in U.S. history, numerous laid-off workers are stuck in fairly tight economic situations. Nonetheless, a new CareerBuilder survey has found that their focus is on the more positive aspects of being without a job.

“While finding a new job and steady paycheck is definitely top of mind, laid-off workers are also concentrating on activities that will help them grow personally and professionally,” said Rosemary Haefner, vice president of human resources at CareerBuilder, the largest online career site in the United States, in a press release.

“They are reconnecting with friends and family, getting involved in the community, taking classes and exploring new career path options that may lead to a greater return in the long run.”

In mid-June, over 1,800 laid-off workers participated in the national survey. Of the workers who shared their figures, 22 percent said that they were spending extra time with family and friends while keeping an eye out for new job opportunities.

Other ways that laid off workers struggle with their predicament comprise, fixing up their homes at 15 percent, exercising more at 14 percent, taking time to relax at 11 percent, followed by volunteering, going back to school, participating in their church communities, starting a business, taking up new hobbies, and traveling.

Particularly during the economic downturn, the unemployed have to find various ways to sustain their life and manage their budget. Twenty-three percent of laid-off workers reported that they collected unemployment or other financial assistance, 20 percent cut back from unnecessary spending, 16 percent relied on savings, and 12 percent depended on relatives, 6 percent were forced to sell their belongings, 5 percent took temporary jobs, 4 percent lived on credit, and 3 percent moved back home or found a roommate.