(6/19/09)-- With the nation's unemployment rate hovering close to 10% coupled with a scarcity of job openings, more workers are experiencing a head-on collision between their 401(k) and job loss. So what does this mean for your retirement plans?
The federal government announced in early April 2009 that the national unemployment rate was the highest in 25 years. The 8.5% rate for March means that two million workers lost their jobs in just the first quarter of 2009, and the pace is not slowing. Worse, these losses come after the disappearance of three million jobs in 2008.
Although the numbers suggest that it's not exactly a good time to be looking for work, job seekers have an advantage not widely available to previous generations of job seekers. We've got some job-hunting tactics that take advantage of the best job search tool ever: the internet.