Layoff Season is Around the Corner: Here’s How to Prepare

Man working

Originally Published on WEAU 13 News  on Nov 22, 2017

By Courtney Everett

EAU CLAIRE, Wis. (WEAU) — December and January are historically the worst months of the year for layoffs. The Bureau of Labor Statistics says around 25% of all layoffs happen in December and January alone. So how can workers prepare for the unexpected?

Mark Greene, Director of Safetynet joined Hello Wisconsin to explain.

Nationally, applications for unemployment have started to increase by about 10,000 each week over the past month, signaling that this trend will continue in December and January.

Unemployment rates in Wisconsin grew from 3.1% in June to 3.4% in October.
Since August, a total of around 3,600 jobs were lost across Wisconsin, according to the Department of Workforce Development.
In the past few months Wisconsin’s seen mass layoffs from big names like Gander Mountain, Harley Davidson, Appleton, and Gordy’s Chippewa Foods.

The best plan for workers heading into this lay-off season is preparing – know the signs of what to look for and how to set up a plan to make sure you’re prepared for the

  1. Watch for signs of layoffs nearing can include everything from changes in
    leadership to budget decreases.
  2. Start a budget around the holidays and having a resume ready to go can are
    great ways to plan ahead.
  3. Use programs like Wisconsin’s SafetyNet income insurance can help make sure
    you have emergency funds for when you’ll need it most.

Watch the video.