It’s Officially a Recession. Time to Get Back to the Basics!

My Thoughts about the Big Announcement

There was a shout heard around this week when the National Bureau of Economic Research (NBER) announced that we (the United States) are in a recession. The interesting news about this recession was in the fine print of the announcement: The recession started in December of 2007. Traditionally, the NBER announces recessions long after they have started to make sure they have all of the data to make the call. In the world of real time data, instant messaging, microwaves and fast food, would it be possible for us to get a little more warning about the economy heading downward? Maybe not. Maybe it was better they did not tell us too soon. What do you think?

What Now? -The Basics

Since we are a year into the recession and there are thousands of layoffs pending, it may be a good time to review the most important financial document in the house: your resume.   Yes, You read it right- Your Resume.  Here is my point:

“Unless you are independently wealthy,

 what you do for a career determines many of the financial decisions you make”

Statistics say that most American families live from paycheck to paycheck, so a layoff would be a major financial setback. My take on layoffs is simple: It is better to be ready than wrong. Make sure that your resume is up to date and in order. Let a friend or someone who will give you solid feedback read your resume and ask them to judge it on the following criteria:

  1. Appearance- Does it hold your attention? Should a different format or font be used?
  2. Content- Does it accurately show my experience, skills and abilities? Is there any questionable language?
  3. Perception-Does it show me as person who solves problems; makes money/saves resources or creates profitable relationships and ideas.

If you have not looked at your resume in a while, please do it today. It is not good to wait until the day after you have been laid off to get things to together because:

 “It is much easier to find a job when you have one than when you don’t.”

If you have any questions, post a comment or send me an e-mail at


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