ST. LOUIS, Dec. 24, 2010 /PRNewswire/ -- Personal Finance Blog, ChristianPF.com published an article looking at the average amount of time it takes to find a job in the U.S. and the figure can be intimidating: 211 days!
An excerpt from the article...
"Job seekers are now out of work for an average of 30.2 weeks, or 7-1/2 months, up from a record high of 29.1 weeks the previous month. In fact, the average duration of unemployment has notched new records for the last 10 months in a row."
While this number can be intimidating and daunting, it should be a warning sign for us. This is exactly why creating an emergency fund of 3-6 months of expenses is a good idea. None of us can predict the future and none of us are immune from hard and difficult times.
Read the full article: http://christianpf.com/amount-of-time-to-find-a-job/