Posts tagged with: unemploymet

One pink slip’s bad. Two to a family? That’s terrible

No one wants to get a dreaded pink slip from their employer. But what if you got one only to find out a few days or weeks later that your spouse was getting one, too?

I know what my reaction would be. I’d usher the kids out of the house for a few minutes and cuss up a blue streak.

Turns out, though, that in this terrible economy there are more dual-pink-slip households out there. The Wall Street Journal wrote this interesting story about this trend. According to the story, which cites statistics from the U.S. Burea of Labor Statistics, both the husband and wife were out of jobs in 124,000 families last year. That’s a big increase from the 87,000 families that faced the same challenge in 2006.

Hard as it may be to believe, there are some advantages to having both husband and wife out of work at the same time. The Wall Street Journal story says that partners can lean on each other support. They can also help each other through the networking process. Moving cross-country for a new job is easier if a spouse is still out of work. Of course, that’s like saying the advantage of being stuck in a tornado is that it’s an easy way to move your house from one county to the next.

If you do face this situation, I feel for you. The stress must be incredible. Hopefully, the families facing this challenge find jobs quickly.