How to tackle loss of job

In early 2009, the Bureau of Labor Statistics noted that over 40 states recorded an increase over last year in the number of layoffs. In February alone over 600,000 workers were caught up in layoffs. This is an alarming statistics. If you and your family are experiencing a job loss then here are some tips that could help you out.
Set emotions aside. Don’t panic.: Job loss could have a profound effect on your emotional well being. It’s not easy to be separated from ones job. All of us closely identify ourselves with our work and its not easy to stay away from it. However we need to learn to adapt ourselves to the situation. Think what’s next and start planning for your future.

Make a graceful exit: If you are handed the pink slip, it’s very important that you keep your emotions in check and do not panic. It’s better to leave in a good term. You might have to run into the same people again or might even require their help. Make sure that you collect all your settlements. Remember money is very important during a job loss.
Check out and apply for benefits: In the United States, your local Employment Service Center will be able to help you. The Web Site of the U.S. Department of Labor has information on unemployment compensation in the United States. This includes links to the individual sites of many states.
Update your budget: Check your emergency funds. Be open to your family and kids about the financial situation. If you have to implement an expense reduction plan, do it immediately. Start managing your money properly. You can try online money management or free money management software.
Pass the word around: Do not be hesitant, but let your world know about your job loss. Anyone and everyone can give you a good lead. Networking at this hour is very critical.
Be open to new opportunities: It’s the best time to experiment with new field and opportunity. Do not restrict yourself to what you did before. Expand your search and include other jobs that you can possibly do.
Coping with a job loss is no joke. But remember patience pays. Be calm, be patient and all the best.