Extended Unemployed Suffer These Ills
NEW YORK ( MainStreet) One in four of the long term unemployed have not had enough money for food and one in ten have lost their homes, according to a new study. About 39% rely on a spouse or partner as their source of income, 31% depend on savings, 9% borrow from family and friends and 56% say their technology skills depreciated.
"There are many talented people in the U.S. who are having a tough time finding a job," said Rosemary Haefner, vice president of human resources with CareerBuilder. "That's not because of a lack of ability but because of ongoing challenges in the economy."
A CareerBuilder study found that 30% of workers who were previously employed full time and who have been out of work for 12 months or longer haven't had a single job interview since they became unemployed, 25% reported strained relationships with family and friends, 12% have maxed out credit cards to pay other bills and 4% moved to a less expensive location.
"If you're hitting the year mark, consider career counseling," said Robyn Dizes, manager of the career services department with Peirce College in Philadelphia. "There are professionals available and eager to help so do not be afraid to reach out for assistance. Network your heart out and stay open to any and all opportunities because you never know where things may lead."
Nearly half said their skills have depreciated and 11% are relying on their parents to supplement income.
"The first few days/weeks of unemployment can be a blissful time but once the honeymoon is over, paralysis often hits hard," Dizes said. "To avoid this try to keep your body and mind strong as you seek out new job opportunities."
But despite the challenges, the long-term unemployed remain hopeful. About 44% look for jobs daily and 43% look every week.
"Our study brings to light the resilience of these workers who remain optimistic, look for jobs every day and take measures to learn new skill sets to open the doors to new opportunities," Haefner said.
Largely, 20% are expanding their professional network online and offline or volunteering, 18% have signed up with a staffing firm or recruiter, 14% secured part-time work, 12% took a class and 5% went back to school full-time.
"Aside from keeping a strong LinkedIn presence, it's always beneficial to keep updated with the latest trends and developments in your industry of interest," Dizes said. "Read trade journals, attend workshops and conferences and don't be afraid to consider an internship opportunity whether it be paid or not."
When asked to identify some of the major challenges they encounter when looking for a job, 66% cited their age or experience as a disadvantage, 63% reported that employers are becoming less responsive, 37% said the number of jobs in their profession had dropped significantly during and post-recession and 16% cited difficulty transitioning skills to a new field or industry.