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How to Combat Unemployment in a Global Recession

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Quarterly statistics for November 2010 showed that the unemployment number rose to 9.8 percent in the US.  Although this figure has only risen by 0.2 percent on the last 2 quarters, the rate of citizens without a job has steadied at just beneath the 10 percent mark since the beginning of the global recession in late 2008, and subsequent job cuts through the first 6 months of 2009.

Although the unemployment rate and global economy are displaying signs of slow and steady growth, people are still finding it difficult to source and find employment. This is chiefly due to the fact that companies, cautious not to over commit their resources through a period of economic recovery, are looking to consolidate their numbers rather than grow and employ more staff.

Opportunity not Crisis

This situation has left more and more families financially stretched and looking for alternate ways to create revenue. In the months prior to Christmas, these concerns become even more pertinent as the balancing act between income and expenditure is an even more delicate activity. In these periods of financial pressure and hardship, where costs and inflation remained fixed while people’s income levels drop or diminish, the most positive course of action that an individual can adopt is to treat these issues as opportunities rather than moments of crisis.

This ethos is even more important in older and more experienced individuals who are facing unemployment. Of all the major factions affected by rising redundancy and job losses, men and women aged between 35 and 44 are the individuals that seem to be experiencing the higher increases in terms of percentage. It is often the case that people who are trained in a specific field of work, and who have been employed in this area over a distinct period of time, find it difficult to comprehend a career change and modification of their skills set. This leaves them dependent on welfare until a job opportunity arises in their sector of skill and experience.

However, with certain industries affected far more than others through the recession, this may lead to a lengthy spell of unemployment, and can lead to people suffering symptoms of depression in extreme cycles. In this instance, and individual needs to adopt a more positive outlook on their circumstances, and rather than bemoaning the lack of suitable opportunities utilize the situation to broaden their set of skills and work related experience. By doing this, a person can serve the dual purpose of improving their portfolio of skills for the future, and more significantly enable them to provide for themselves and their family unit.

Motivation to Work and Earning Money

Given that the US welfare system remains one of the most stringent and well regulated in the world, it appears that its citizens have a more than healthy motivation to work and earn money. The issue in rising and inflated unemployment is therefore the result of the economic downturn and a lack of education on the range of options that are open to an unemployed individual. Quite aside from securing welfare and family benefits to guide them and their respective families through times of hardship, a person without paid employment can seek additional ways to maximize either their time or earning capacity.

Designing and operating a small web based venture is one such concept, and this has never been easier in the online age and internet evolution. Sourcing a website and designing its aesthetic appeal is no longer an entirely specialized occupation, and a person is able to buy an affordable website through a hosting company that also provides them with tool and guidance on building the pages and content within a website. As a cost effective and potentially lucrative activity, this can help assuage an individuals or families money issues throughout continued periods of unemployment. There are, of course, people and families who are experiencing unemployment in their midst that remain wealthy and financially secure, and in this instance the utilization of time is the most significant concern. Voluntary work is an option in these circumstances, allowing individuals to work without salary to assist people and organizations within the community, while keeping themselves mentally sharp and maintaining some level of job and personal satisfaction.

Implementing the American Dream

To anyone outside of the US, the spirit of entrepreneurship and capitalism is symbolised by the renowned American dream. Many thousands of people have travelled to the US seeking fortune and opportunity, respecting its reputation as a wonderful environment for forging independent wealth and financial security. Though this image remains globally, there is a sense that the people, families and citizens of the US have lost sight of this ethos and their sense of cultural identity through the recent economic downturn and slow but steady recovery. While this is understandable given the stresses associated with reduce income and job losses, it is through the rediscovering of this spirit that individuals will source alternative and more innovative ways to provide for their family.

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381 thoughts on “<span>How to Combat Unemployment in a Global Recession</span>”

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