Recessed

Recessed, not Depressed

Mint.com’s Visual Guide to the Real Unemployment Rate April 21, 2009

Filed under: Uncategorized — Logan @ 9:30 am
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This is absolutely awesome. I love Mint.com’s blog!

unemploymentratemint2

Also posted on Loganotron.

 

The Real Unemployment Rate? Try 15.6% April 20, 2009

Filed under: Uncategorized — Logan @ 9:30 am
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Via Catherine Holahan on MSN Money:

An 8.5% unemployment rate is unmistakably bad. It’s the highest rate since 1983 — a year that saw double-digit unemployment, nearly 30 commercial bank failures and more than 15% of Americans living below the poverty line.

But the real national unemployment rate is far worse than the U.S. Department of Labor’s March figure, announced today, shows. That’s because the official rate doesn’t include the 3.7 million-plus people who are reluctantly working only part time because of the poor labor market. And it doesn’t include the workers who have given up scouring want ads for seemingly nonexistent jobs.

When those folks are added to the numbers, the unemployment rate rises to 15.6%. In March 2008, that number was 9.3%. more…

Also posted on Loganotron.

 

Logan’s CA WorkShare (i.e. Partial Unemployment) Saga April 17, 2009

Filed under: Uncategorized — Logan @ 9:30 am
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Two months ago my company reduced my hours to half-time and started paying me half-pay. They did this to try to avoid laying me off during this not-so-great economic time. Not long after, my good friend Apollo informed me about California’s WorkShare program. WorkShare is a division of the EDD (Unemployment dept.) and it allows employers who reduce their employees’ hours (instead of laying them off) to apply for partial unemployment benefits.

In my case, because I was reduced by 50% I am eligible for 50% of what I’d normally earn on unemployment. Normally I would receive $450 per week if I were completely unemployed. Under WorkShare I am eligible to receive $225 per week. That’s about $1000 per month which will definitely help me survive this downturn and reduction in pay.

Enter the bureaucratic nightmare that is the EDD. My company enrolled in the program in mid-February. I got my initial paperwork from the EDD around that time informing me that I’d been enrolled (which is apparently different than processed). Every two weeks my employer and I submit a form listing the details of my continued part-time employment. I have dutifully submitted these forms since mid-February.
(more…)

 

Rules for the Road March 20, 2009

Filed under: Uncategorized — shanemayer @ 11:18 am
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Taking a little vacation time has given me an opportunity to reflect and recharge. It’s made me even more thankful for everything I have (an amazing family, a wonderful boyfriend and fantastic friends) and excited for the adventure ahead. It’s also given me time to develop a list rules for the road ahead, which I plan to follow as I work on finding a job:

  1. Always accept any networking connection offered. Finding a new job is surely a networking proposition and a numbers game. Already people have offered to introduce me to their friends/acquaintances/colleagues/etc. Some of these seem like great leads, some don’t seem like they’ll get me anywhere. No matter what my preconceptions are, I plan to follow-up with these people. Who knows where it might lead.
  2. Listen to advice. Part of networking is explaining your situation. Invariably people will offer you advice. They’ll critique your resume, offer job suggestions, tell you how to network, etc. It’s easy to let one’s ego get in the way and feel like the advice being given is superfluous to what one already knows. I’m practicing on listening to all the advice being given and doing my best to really consider it and apply it when I can.
  3. Never turn down free food.
  4. Use my powers for good, not evil. The adventure ahead is certain to be trying at times. My goal is to always apply my nervous energy, my anger or other negative emotions to good use by being productive (apply to job, volunteering, networking).
  5. Stay positive. This is a bit like #4, but more specifically focused on my outlook. Staying positive will be very important for creating positive energy. Positive energy is important, because, well, no one wants to hire someone who’s negative and desperate. There’s strength in positivity whereas negativity demonstrates a lack of self confidence.
 

Living, Blogging History March 16, 2009

Filed under: Uncategorized — shanemayer @ 2:48 am
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Alaina

Alaina

As I mentioned previously, I know six people who lost their job this past week. One of them is an old colleague of mine from the Center For Teaching Excellence at American University, Alaina. Alaina was one of 47 people out of 200 at her location who were laid off. Alaina has reported feeling unmotivated to leave her house, and a little depressed about the whole thing. You can track her journey through the process on her blog and compare it to my mine. She’s smarter than I am, she’s making money off her ads!

Here’s my advice, Alaina, for what it’s worth: put it in context. We’re just statistics in a much larger economic picture, so we have to do the best we can and still enjoy life. It is not a personal failure and nobody sees it that way. It’s a bit like living through the Great Depression, we’re victims of history. The bright side is at least we’re taking part in history. Someday we can tell our families about the Great Recession of the 2000’s and how we dealt with it. We blogged.

 

New Résumé! March 15, 2009

Filed under: Uncategorized — shanemayer @ 5:09 pm
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As I mentioned before, it seems like when it comes to resumes, everyone is a critic. I found this awesome website, however, VisualCV, that helps you create really great resumes that live online and export to PDF. Check it out!

VisualCV also allows you to add multimedia, like video and an entire portfolio to your resume. This could be really helpful for people in certain professions with digital work they’d like to showcase.

 

Spring Broke

Filed under: Uncategorized — shanemayer @ 4:52 pm
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sw_chiefMy company provided me with 15 vacation – or “personal time off” (PTO) days annually. In the past year, I only used about three of those days. As our company’s work slowed down, I  felt uncomfortable taking time off, feeling a little uneasy about returning to find my job had been cut. A vacation is long over due.

As is the natural balance and irony of life, now that I’ve got the time, I no longer have the money. My boyfriend John and I are taking advantage of the time anyway and taking a low-cost vacation. We drove down to LA last night ($25 in gas shared between the two of us) and we’re taking Amtrak from here to Santa Fe, New Mexico ($60 each way, per person). Santa Fe is my hometown and my parents will be very happy to let us eat and play on their dime for a week.

15 days a year, including sick days, just isn’t enough. It doesn’t really compare to the average of six weeks most European professionals are allotted. It hasn’t usually left me refreshed or recharged, so there is a freedom to not having to worry about returning to work right after this break. Of course I’d rather have a job and income to return to, but I’m going to enjoy the freedom anyway, why not?

A note about PTO. For those of you worried about losing your jobs. Remember, your PTO can be redeemed as cash when you’re let go. I certainly needed a break, but I’m very happy to have that cash now. The downside to cashing in your PTO is that you get taxed on that income, where you wouldn’t if you took the time off.