Although U.S. economist reported that the job market was adding more than 500,000 jobs in January ;

The headline was posted in January from the NY Times Newspaper

The report defied expectations and underscored the challenges for the Federal Reserve, which is trying to cool the labor market to fight inflation.

Tech Industry Experienceing Daily Layoff

The tech industry has experienced daily announcement of job layoff for months.

One has to assume that the 500,000 jobs that were predicted were all service -related opportunities because many other sectors are experiencing a number of cutbacks.  

The team at LinkedIn News, reports the country is experiencing a dizzying reduction in the labor force. 

Some of the top layoff statistics are listed here

Navigating the financial and mental fallout from being laid off from a job is a deeply personal experience, as we all deal with our new reality differently and at varying speeds. After allowing myself to feel all the feels on Monday and Tuesday, I spent the rest of the week focusing on acceptance and positivity for what lies ahead.

When a person is laid off from their job, they have a sense of useless and a feeling of anxiety. If you are the primary breadwinner in the house, you think about all the things you should have done. You think about the money you should have saved.

If you are want you should immediately perform the following:

  • Update your resume.
  • Create a new email address.
  • Start applying for a job.
  • Register with all the job related websites online.

Take care of your physical and Mental Health : This is a good time to start an exercise program. Start walking. Getting some fresh air and some exercising. will do wonders for your mental health.

Do not stay cooped up in the house. You should walk to your neighborhood park just to watch the people who are there. Interact with someone but avoid talking about your layoff.

My mother’s favorite saying was If you cannot find a job – Make a job. This is the focus of this website. We look for ways the average person can create an above average salary. I know you are skeptical. But watch the video below and use your time wisely. Not only helping yourself but helping those less fortunate get ahead.

Start getting cash back on everything you buy. Start by joining Rakuten. When you shop at Walmart and you spend $30.00, Rakuten will give you cash back of $30.00. Now for the good part. When you refer your friends who are also laid off, they get $30.00 and so do you. So count your money. 100 friends, you get $3,000 so sit back and relax. Get your Nexus Reward Membership and star saving money on gas, groceires, everything. Life is good.

When you are laid off, you feel so helpless. You start to panic because suddenly, you feel that you are no longerin control. You start to panic especially when it comes to finances.

Do not panic. When you join Nexus and you start to get your money back from Rakuten, you will relax a litt.e, however the best part is when your friends realize the value of this membership and you start getting cash everyweek. Those 100 friends represent 1,000 cash to your debit card next month.

Of course, this is not a huge amount on its on. However, the power of leverage kicks in and perhaps those 100 friends can refer 5 people each. Watch the video to discover what your income will be the next month and the month after that.

You may decide before you secure another position, that residual income making money walking in the part daily is the way you want to live.

When you start your own business from the comfort of your home, you will feel more in control. There will be some cutbacks regarding your finances, but remeber, you have the Nexus Rewards program, so many things that you have to purchase will cost you less. ‘

Just joining Nexus will help you feel more in control. Just the small cash back amounts that you will receive from the cash back apps ; saving on gas, groceries, the Bill Reduction Program will help you have a more positive outlook on your future. You are making a positive impact on the financial health of your family.