Archive for the ‘Unemployment’ Category
“Does anybody really think that they didn’t get what they had because they didn’t have the talent or the strength or the endurance or the commitment”? - Nelson Mandela
In these days employees and job seekers must be effective in order to survive. If you feel tired, burnt out or overwhelmed, take a minute to read this post to focus on simple ways to boost your effectiveness and increase your productivity.
Take Good Care of Your Body
Your health is one the most important things in your life and to being effective. A famous Latin quotation states: “A healthy mind in a healthy body”.
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Losing a job always brings financial hardship. Many who are unemployed struggle with paying bills on time, often ignoring them, not realizing that their tarnished credit history could become a barrier to finding a new job.
A recent study (conducted by the Society of Human Resource Management) has found that nearly 60% of employers run credit checks on job candidates. This is almost a 20% increase from just six years ago.
Many employers have been relying on credit histories in hiring decisions as indicators of a job candidate’s reliability. Even though there is little research showing a correlation between bad credit and poor job performance, an increased number of employers resort to credit checks.
Are you afraid that your less-than-perfect credit history may affect your job search? What can you do?
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If you are unemployed and filing tax returns, you want to make sure not to miss out on many deductions available to job seekers. We have recently published Tax Tips to Maximize Your Refund This Year and by popular request decided to continue on that subject, putting together a list of job related expenses that you can and can’t write off this year:
The Ground Rules
In order to maximize your deductions and not get in trouble with IRS, it is important to understand the ground rules:
• You can only write off expenses for a job search in the same field in which you were formerly employed. In other words, you can’t write off job search expenses if you decide to switch to a different career.
• Unfortunately, if you just recently graduated and/or haven’t held a full time position, you are not entitled to writing off expenses associated with your first job search. The tax law only allows you to write off expenses incurred in searching for a position in your present occupation.
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It is hard to keep spirits up when finding a job seems nearly impossible! All the news we hear on TV and read on the Web are depressing and discouraging: The unemployment rate by December 2009 was 10.6%… The number of job searchers is an all-time high and job availability is at lowest levels in decades… Current numbers show that for every new job opening there are 6.3 job seekers… These are arguably the toughest times in generations….
Getting a job in this climate is hard but it is still possible! According to the recent report by the United States Department of Labor, nearly 50 million Americans got new jobs in 2009 and so can you!
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Unfortunately, by the time most employees learn that they are getting laid off, it is too late to do anything and unprepared employees get hurt the most. Some companies remain on a verge of a disaster for months, or even years. Some come crushing down overnight.
What can you do? Well, there are often warning signs that something is brewing inside the company. These signs may give you an opportunity to protect your benefits, save some money and start looking for a new job before you get a pink slip.
Here are a few tips:If your company is publicly traded, pay attention to its stock price. If the stock price consistently keeps dropping, this is not a very good sign. Overall, your company’s stock price, by definition, is one of the best evaluation indicators of how well a company is doing.
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Today’s headline reports indicate that the U.S. unemployment numbers surprisingly fell to a five-month low of 9.7%, according to the government report.
In reality, unemployment reached an all-time high of 18%, which is the official number reported by the Bureau of Labor Statistics. There are a few different categories (sets of data) published on a regular basis and the main focus is usually on “official” U3 unemployment rate (currently 9.7%, seasonally adjusted). Read this »
Polls and recent election results in Massachusetts are showing that Americans are gradually losing trust in government to fix the unemployment problem. Many Americans consider Washington too preoccupied with partisan politics, where positions or a political party are often put before the issues that really matter to the American people.
The recent loss of the Massachusetts Senate seat may be a wakeup call for Democrats and President Obama in particular, who campaigned on a slogan of change in Washington. Most Americans agree that there hasn’t been much of a change when it comes to bipartisanship on Capitol Hill.
With Democrats loosing their super-majority in Senate, we may now be seeing attempts to change the course. Leading Senate Democrats have just unveiled a new agenda to focus on job creation with first votes on additional legislation expected on Monday. Senate Majority Leader Harry Reid (D-Nev) did not elaborate on the details of the legislation but emphasized that Democrats are seeking bipartisan support: “We don’t agree on everything, but we certainly agree on the fact that we’re going to move forward on a jobs agenda. That’s why we’re here and we will have a vote on a jobs bill on Monday.” Reid said.
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With the tax season kicking off, if you are unemployed or were unemployed in 2009, you want to make sure not to miss out on many deductions and exemptions available this year. To help you navigate this year’s returns, we have put together this checklist of things to keep in mind. We recommend that you carefully study this list of the deductions and credits to which you may be entitled because of your unemployed status, before filing tax returns this year.
Here are some of the things to keep in mind:
2009 Stimulus Package for Unemployed
This year you can enjoy reduced taxes on unemployment income. Normally, individuals receiving unemployment benefits must report them as income and pay income tax on them. The 2009 bill signed by President Obama makes the first $2,400 of unemployment income nontaxable.
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I have recently written about employment discrimination and found that my explanations regarding age discrimination became a subject of many heated discussions and controversy. Needless to say, it is a very sensitive subject. The purpose of my article was to help those who are being discriminated against by shedding some light on how employers look at things and why discrimination takes place. In my opinion, Job Seekers who have this understanding are better equipped for dealing with discrimination.
I am going to attempt to do this again. This time I will be focusing specifically on Age Discrimination and on myths and facts surrounding it:
What is Discrimination?
Princeton Dictionary defines discrimination as “unfair treatment of a person or group on the basis of prejudice rather than individual merit”. I strongly feel that treating job seekers unfairly simply because of their age is wrong and unjustified. At the same time, however, I feel that it is in an employer’s right to test job seekers’ abilities in order to determine if they are fit to perform duties as required by the job. I think it is wrong to require an employer to hire someone because of anti-discrimination laws if such individual is not the best choice for the job. To me, this is actually discrimination in reverse. For example, hiring a candidate to satisfy diversity requirement and simply because of their race and not their abilities, is actually discriminatory against other better-qualified candidates.
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When the U.S. labor market finally starts adding more jobs than it loses, we may find that some of our old jobs don’t exist anymore.
The economy lost over seven million jobs since the downturn started two years ago. The jobless rate doubled and reached 10%, according to the Labor Department. The recession is reshaping the labor market. While some lost jobs will come back, others are gone forever. Read this »
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