The job market showed some hopeful signs in April, however slim. The unemployment rate dropped to 5.0 from 5.1 in March, according to the Bureau of Labor Statistics. The economy lost 20,000 jobs for the month, but analysts had expected the loss to be higher.
Nonetheless, other indicators show that wages are falling and layoffs jumped in April (e.g., Citigroup, Merrill Lynch, Delta).
In times like these it’s key to be prepared in case you unexpectedly have to start a job search. In addition, you should probably expect that search will take longer than you might expect. This article can help you prepare.
