Spongebob Squarepants gets fired because his boss figured out that he could make an extra nickel without him. Although his friend explains to him the benefits of “glorious unemployment,” Spongebob wants a new job and not a “funemployment” vacation (i.e., living off of unemployment benefits before looking for a new job). A self-sufficient view that transforms the environmental/gay/liberal-friendly sponge into a new conservative darling. With the economy still in the crapper, getting a new job sooner is more important for a different set of reasons.
Before the Great Recession in 2008, I would apply for unemployment benefits, post my resume on the job search websites, have three job interviews, and get a new job within six weeks. That happened three times over a five-year period. I never got stressed out from being laid off. My monthly expenses were modest and collapsible enough to live off of my unemployment benefits for a short while.
Despite following my previous unemployment routine after being laid off on Friday the 13th in February 2009, I didn’t get a new job within six weeks. The Great Recession was different. I was out of work for two years, underemployed for six months (i.e., working 20 hours a month), and filed for Chapter 7 bankruptcy. After going through all that, I didn’t qualify for food stamps because I still made more money than someone working at Wal-Mart.
I had three jobs in the last three years since then. After my contract ended the first two times, I got a new job within three weeks and drew only one week of unemployment benefits. I’m hoping for a third time in a row. I don’t know if my unemployment benefit will be on my old claim ($293 per week) or a new claim ($456 per week). If I get a new claim, I can probably relax a bit and take my time in finding a new job during the holidays. If it’s my old claim, I’m screwed. I still haven’t financially recovered from the Great Recession.
After my last job officially declared a layoff of “permanent” employees, my coworkers bombard me with questions about being a contractor as they been with the company for five or more years. They all thought they could take a six-month vacation, look for a new job before exhausting their unemployment benefits, and get hired immediately. I warned them against doing that. I had several roommates who did that during a normal economy (i.e., between the Dot Com Bust in 2001 and the Great Recession in 2008), couldn’t find another tech job because their programming skills were obsolete, got cashier jobs at a drug store, and are still toiling at minimum wage jobs. My coworkers didn’t get laid off this time, but my contract came up for renewal and that was that for that job.