Laid-Off Workers Spend More Family Time

June 29, 2009

This article is included in these additional categories:

Analytics, Automated & MarTech | Financial Services

In what could potentially have a beneficial effect on family and community life in the US, 22% of laid-off workers say they are spending more time with their loved ones while they are looking for a new job, according to a survey from Career Builder.

The June research found that a significant percentage of the 1,800 now-jobless workers polled are trying to stay focused on the positive aspects of their unemployment by making time for things they didn’t previously have time to do.

In addition to spending time with family and friends, other ways laid off workers are making the best of a difficult situation:

  • 15% are fixing up their homes.
  • 14% are exercising more.
  • 11% are finally taking time to relax
  • 8% are volunteering.
  • 7% are going back to school.
  • 6% percent are becoming more involved in their church community.
  • 4% percent are starting their own business.
  • 4% percent are taking up new hobbies.
  • 3% percent are traveling.

Making Ends Meet

The survey also found, perhaps not surprisingly, that laid-off workers are still confronted with the reality of making ends meet and are managing their budgets in a number of ways:

career-builder-laid-off-workers-managing-budgets.jpg

“While finding a new job and steady paycheck is definitely top of mind, laid-off workers are also concentrating on activities that will help them grow personally and professionally,” said Rosemary Haefner, VP of HR at CareerBuilder. “They are reconnecting with friends and family, getting involved in the community, taking classes and exploring new career path options that may lead to a greater return in the long run.”

The US Bureau of Labor Statistics reported that the US unemployment rate broke 9% in May and continues to creep toward 10%.

About the survey: This survey was conducted online by CareerBuilder among more than 1,800 laid-off workers in the US who have used CareerBuilder. The survey was conducted from June 10 – 15, 2009.

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