How to Cope with Unemployment in a Recessive Economy?
One sad thing to note in a recessive economy is the possibility of companies and business to go under which results in retrenchment of workers. Companies declare redundancy when it is apparent that surviving under the prevailing environment is a herculean task to undertake. Many employees lose their jobs in this restructuring process. To make matters worse, getting another opportunity for employment becomes tough considering the fact that many workers that were laid off now add to the present number of the unemployed. Application letters from people seeking employment flood mail/address boxes (post office or online) when there is an advertisement to fill any vacancy. The competition for the post becomes tough thus putting a strain on the job seeker and the company advertising to fill a vacancy. For a while, many do not get to recover from the shock and the pace with which events happened. While some companies/employers pay off their workers, some declare bankruptcy which in essence lea
