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Fin Plan Jun 2012 - "Financial Planning After a Layoff"

Fin Plan Jun 2012 - "Financial Planning After a Layoff"

Fin Plan Jun 2012 - "Financial Planning After a Layoff"

Excerpt


Financial Planning After a Layoff


In April, the national unemployment rate was at 8.1 percent and 12.5 million Americans were officially out of work, according to the Bureau of Labor Statistics. The survey showed that 2.4 million people, those deemed “marginally attached to the labor force,” were not counted among the unemployed ranks due to not having looked for work in the preceding four weeks. Nearly 1 million of these people had given up their work search. Also not counted among the officially unemployed were 7.9 million “involuntary part-time workers” who could not find full-time work. Significantly, 5.1 million Americans had been unemployed longer than 27 weeks.


 



 


 



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