As the world is adapting to what is now the “new normal,” Fairygodboss wants to be there for you every step of the way. Keep reading for timely advice and join our Navigating the New Normal group for continued support.
In April, the United States reached an unemployment rate of 14.7%, according to the Bureau of Labor Statistics. While this number of job losses is completely unprecedented, many Americans — about 80% — feel confident that they will recoup their jobs as economies begin to reopen, according to The Associated Press. Experts agree that many temporarily furloughed or laid off employees will be able to return to work as their business begins again.
However, as director of macroeconomic policy at the Washington Center for Equitable Growth Claudia Sahm told the AP, there will be a number of employees who won't be able to return to their jobs.
"For a lot of these furloughed workers, a non-trivial number will have no job to go back to, because the company they worked for will have failed or will need fewer workers than they used to," Sahm reportedly said.
While applying to jobs while furloughed is always a good exercise of caution, there are some signs that you'll need to seek other employment before you get the dreaded phone call. Here are those signs (and, if you want, other things you need to know about being furloughed).