It’s said that the loss of one’s job is second in grief only to the loss of a loved one. If that isn’t tough, I’m not sure what is. Career changes are humbling experiences. There’s no easy way around it.
Our egos take a hit... Our mental chatter begins...
“Where did I go wrong?”
“How did I get here?”
“What will my family think?”
“Am I a failure?”
“Will I EVER find a new job?”
Veterans of the most recent wars in Iraq and Afghanistan have made tremendous strides over the last four years when it comes to employment. While they are doing better as a group than the overall population, a new analysis of government data shows that they still lag slightly behind veterans from the first Gulf War.
Once again, much of the focus on today’s employment situation report fell on the participation rate, which tumbled to 62.6 percent, the lowest since the late 1970s. However, a closer look at the numbers reveals that for the two-thirds of the civilian labor force in their prime working years of 25 to 54, the participation rate is only 4.0 percentage points off of historic highs reached in dot.com heydays.
Today’s employment situation report from the U.S. Bureau of Labor Statistics was overall very positive. Employer payrolls increased by 280,000 and while the unemployment rate edged up slightly to 5.5 percent, the uptick was attributed to more Americans re-entering the labor force due to increased confidence about finding employment.