You Should Never Wait For A Layoff To Prepare For Your Job Search

Communications Specialist for Insperity Recruiting Services, specializing in employment branding and recruitment marketing.

A few short months ago, the U.S. unemployment rate dropped to 3.5%, its lowest since 1969. The economy had added jobs for nearly eight straight years, and the resulting candidate’s market often afforded job seekers their pick of multiple offers. Then, suddenly, everything changed. An unexpected global pandemic caused the unemployment rate to shoot up to 14.7% in less than two months. Seemingly overnight, employees who considered their jobs secure were now out of work.

In the months from April to July, the economy began to slowly recover, with the unemployment rate falling to 10.2%. However, 16.3 million Americans are currently unemployed, an increase of 10.6 million since February. Now, there are two types of workers/prospective workers: those looking for a job, and those who should be prepared to look for a job. Though Covid-19 has

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GLOBAL MARKETS-Asian stocks follow Wall Street lower, nervous wait for U.S. jobs data

* Tech leads modest losses across Asia

* MSCI AxJ down 1.5%, shallower than 5% Nasdaq plunge

* Limited spillover into currency and bond markets; payrolls eyed

* Asian stock markets: https://tmsnrt.rs/2zpUAr4

By Tom Westbrook

SINGAPORE, Sept 4 (Reuters) – Asia’s stock markets had their worst session in two weeks on Friday following a tech-led plunge on Wall Street, though gains in safer assets like bonds and dollars were muted as investors awaited U.S. job data to see if it triggers a bigger selloff.

MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.5% and looked set to snap a six-week winning streak with a 2.3% weekly loss, its biggest since April.

The Nikkei declined 1%. Australia’s ASX 200 led losses with a 3% fall as global investors sold growth-exposed miners like BHP and traders trimmed positions ahead of the weekend in case Wall Street takes another dive.

Elsewhere drops

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