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Your résumé is what gives a prospective employer the first impression. It can be your ticket into the company. If your résumé looks just like any other one that the recruiter comes across on a daily basis, it is likely that it will be ignored. Give your résumé a few customizations and avoid some mistakes. This will help your résumé not only stand out but also give a lasting impression.

effective resume writing tips

Do’s and Don’ts of Résumé Writing

If you are looking to start a career or someone who plans to switch jobs, these 12 steps will make your résumé catch the recruiter’s attention:

1. Spelling and Grammatical Mistakes

Spelling, grammatical or punctuation errors on a résumé are the worst. Not paying attention to your commas, periods, and spellings could send out a message that you lack attention to detail.

Some of the most common mistakes that people make in their résumés are the usage of inconsistent tenses, subject-verb agreement, poor use of apostrophes, and misspelled homophones.

Also, when it comes to numbers, use digits and not words. Words not only take longer to read but also occupy more space. Digits are easy to spot and also tend to catch the recruiter’s attention while they’re skimming through your résumé.

Ps – Run a Grammarly check on your resume to ensure that there aren’t any grammatical errors.

2. Exaggerating

Do not exaggerate. Ever. If you have contributed a major part in a particular project, don’t say that you lead the project. There have been instances where the candidate has been almost selected and then rejected due to exaggerating.

Once such instance is, the candidate that the HR wanted to hire has listed a Bachelor’s degree on her résumé. When they ran a background check, it was discovered that she had never actually received her degree certificate. Even though she had completed all of the credits she was denied the degree due to outstanding library fines. Instead, if the candidate had written something like, “completed all 130 credits towards a Bachelor’s degree in <course name>”, that would have matched the check done by the employer, and she would have got the job.

3. Customization

Always customize your résumé for each company that you are applying for. It might be tempting to just make one generic résumé and send it out to all the companies that you’re applying to, but that’s not going to help. What you need is a customized résumé to fit different roles that you’re applying to. Make sure that your résumé has the keywords and key qualities that are required for the particular position.

These days most résumés are reviewed electronically before a human sees them. So if your résumé doesn’t have the keywords that match the job, it may not pass the electronic screening. If you’re really interested in getting the job, you would definitely be willing to put in the effort to customize your résumé and change the highlights for each role.

You could also go a step further and give it an outstanding creative bend. If there’s too much information that is important and can’t be eliminated, make it an infographic so it’s easy on the eyes.

4. Stuffing Keywords and Cramming Information

While it is important for your résumé to have the keywords for the job so it passes the electronic screening, remember that the one who’s actually going to call you and hire you is a real human being. Don’t stuff your résumé with keywords, let it be easy to read and understand. Speaking about it being easy to read, use a font that’s easy on the eye and a size that won’t make the HR strain their eyes. A résumé in small font could irritate the HR and make them view your profile from a more critical angle.

5. Discard the Objective, Replace it with a Professional Summary

If your résumé still has an objective like “find an entry-level position in sales” at the top, scrap it right away. Some recruiters say that the biggest mistake that a candidate can make while applying for a job is to write an objective. Instead of telling the recruiter that you want a job, show them why you’d be apt for the role. Write a professional summary that resonates who you are as a professional and the skill sets that you have to offer. Think of the professional summary as an introduction to yourself that gives a brief insight into your professional life. It should catch the recruiter’s interest and entice him/her to read your whole résumé.

However, some recruiters say that an objective is required when you are making a huge career change. Say you’re making a shift from marketing to PR, then you could give a clear explanation that you’re transitioning roles and have the necessary transferable skills.

6. Beware of Giving Yourself a Title

Sometimes you tend to perform the responsibilities of another designation even though you don’t have the title. In such situations, you need to be careful and not go ahead and claim for yourself a designation that hasn’t been formally given to you. There was an incident where the HR came across the profile of a candidate who did not list a title but whose responsibilities corresponded to those of a director of development. During the background check, it was discovered that the director had left and she had taken over the role but without the title. She took the right move by leaving out the title. Had she mentioned the title, when the background check was run, there would’ve been a mismatch with the title.

While you’re being wary of not giving yourself a title, be careful not to undermine yourself due to the lack of a title. Use smart ways to grab the recruiter’s attention with your responsibilities and accomplishments that you earned, but make sure that you’re speaking the truth and not going overboard. The candidate could have used a powerful line like, “development team of one, in charge of $250k fundraising target”.

7. Show, Don’t Tell

Resume writing tips
You need to show results on your resume

If you claim that you know something in your résumé, follow it up with an example of when you used it. For example, you say that you have stated management as one of your skills/responsibilities, go on to specify the size of the team, scope of the project, and the size of the budget (if it had a budget). Or if you have listed HTML programming, list the job at which you used it substantively. You don’t need to give a paragraph long description. Save the long description for the interview. A one-line description that conveys the specifics of the project should do. And if you can’t think of an example to substantiate your skill, it might be best to leave it out. The hiring manager would prefer skills that have evidence.

8. Include Personal Accomplishments & Volunteer Work

If you have done something cool in your personal life that could imply that you have a certain technical or soft skill, put it on your résumé. Winning a chess championship could imply that you are good at strategizing. If you like adventure sports and participate in them from time-to-time or participate in debates, you can add that as well. Certain personal accomplishments indicate rare qualities and skills that are sought after by hiring managers.

When it comes to non-work experience like volunteering, you can include it in your résumé if it has taken up a significant amount of your time or has nurtured certain skills that are suitable for the job role. You can also include side projects, temp gigs, or pro bono work so that your résumé adds can have personality.

9. Add Social Media Links

Most people send out their résumé as a standalone document. Add your professional social media links to it. You could add your LinkedIn profile, blog, or personal website’s URL. The best part about adding the link to your LinkedIn profile is that the recruiter can check the skills that you have listed and also see who has endorsed which ones. Plus, there’s no upper limit on stating your professional experience on LinkedIn, unlike your résumé. Personal websites and blogs also give the hiring manager deeper insights into you. Adding social media links could also give an impression of being transparent.

10. Use Powerful Verbs & Avoid Negative Words

resume writing tips
The choice of words used in your resume matter

Words like ‘handled’, ‘led’, ‘managed’ have been used way too often in résumés that they seem to have lost their power. When describing your work, switch to powerful verbs like ‘administered’, ‘charted’, ‘initiated’, ‘maximized’ and ‘consolidated’. They make you look competent and confident as well.

Also, be careful not to use words that have negative tones even if you’re using them to describe a positive situation. Using phrases like “solved a floor-wide communication problem” or “met aggressive targets” could make the recruiter view you with a dim perspective. You could rephrase the previous lines into something like “proposed solution to make communication on the floor easier and quicker” or “delivered ambitious sales volume”.

11. Highlight & Personality

While you’re busy enhancing your résumé and making it look good and enticing for the recruiter to read, don’t lose focus on the content. Unless you’re a designer, then you really need to focus on the design as your résumé itself would portray your design skills.

Ensure that you highlight the right information. Highlighting for the sake of highlighting won’t make your most important/relevant achievements stand out. Also don’t highlight too much, make sure that the design is easy on the reader’s eyes and can be read easily.

Though it is quite inviting to add multiple roles at one company, you mustn’t do it. Highlighting the different roles at one company tells a lot about whether you were promoted at that company or if you were comfortable with transitioning your role. You need to make your qualities and skills stand out without compromising on the appeal of your résumé.

12. Delete the Extras

Omit anything unnecessary. Extra words, school achievements (not if you’re a fresher), irrelevant non-work experiences, and anything that doesn’t really need to be put there. Excess of random information or redundant information dilutes the impact of the important points in the recruiter’s mind.

Also, be careful to not mention volunteering work with controversial groups or organizations. For example, you volunteered to fundraise for a politician, it might be best to leave it out. If you volunteered for a Democrat but the interviewer is Republican, it might create unnecessary dislike or an opinion that isn’t very favorable. Another point to keep in mind is that although it is illegal to discriminate against a candidate because of their age, gender, marital status, religion, race, color, or national origin, it doesn’t mean that such things don’t happen subconsciously. Avoid leaving traces of such details on your résumé.

When updating your résumé or writing a new one, make sure to keep these points in mind. Once you’re done editing it and adding the final touches, read through it with a fresh mind. Check whether you’ve missed out on any of the above points. You can also go through our article on helpful interview tips to help you prepare for that interview call.  

If you’d like additional tips, you can interact with people in similar situations or experts in this field on our Community Forums. You can also clarify queries regarding unemployment insurance.

New York Governor revealed in his FY 2019 budget proposal that the state’s free tuition program would be extended to illegal immigrant students. According to a briefing book, Cuomo’s plan “includes legislation to implement the DREAM Act, opening the door of higher education to thousands of New Yorkers.”

new york free tuition to illegal immigrants

The briefing states that illegal immigrants have been accepted for in-state tuition at the State University of New York (SUNY) and the City University of New York (CUNY) since 2002, however, but explains that each year, “many talented students who graduate from New York high schools remain unable to fulfill their potential simply because they cannot afford the tuition and lack of access to tuition assistance to help pay for school.”

In 2017, Governor Cuomo launched a program to make tuition free-of-charge at SUNY and CUNY. The option is available during the 2018-2019 school year to resident students whose family income is not above $110,000. This year, according to his FY ‘19 budget briefing, he’s taking it a stride forward by extending free education under his “Excelsior Scholarship Program” to students who illegally reside in the country.

The DREAM Act declares that an investment in young immigrants’ futures is an investment in New York’s future. It further states that the act will give undocumented students access to the new Excelsior Scholarship, the Tuition Assistance Program as well as other state-administered scholarship. It was during the Executive Budget Address, where Cuomo announced his record of restoring fiscal discipline while simultaneously achieving historic progressive accomplishments and strengthening middle-class New Yorkers.

A Summary of the Legislation in FY ‘18

On April 12, 2017, New York Governor Andrew Cuomo had signed a bill into law on providing free tuition to students who attend the state’s public colleges and universities. New York became the first state to offer free four-year college to students. The funds for the program would be exclusively for tuition purpose, and students would still need to acquire other resources to pay for room, board, and other indirect fees. The program only covers tuition fees which are not covered by other grants. Students whose family income limit is less than $100,000 per year would be eligible for the grant if they enroll full-time at any community college or public university within the state.  

Republicans in the New York Senate successfully lobbied to force students to live an work in the state for as many years as they received aid. On failing to do so, the grant would be turned into a loan. Moreover, one-third of students in New York public universities enroll part-time whereas only students who enroll full-time are eligible for the grant.

The program’s 30-credit requirement which was criticized by some was said to be a research-proven strategy to raise GPAs, improve retention rates and ultimately boost the college completion in the state.

Other States That Offer Free Tuition

Since 2015, states like Oregon, Rhode Island, Montana, Minnesota, Kentucky, Arkansas, Nevada and West Virginia have enacted legislation for a promise program. However, New York with its Excelsior Scholarship Program still remains the only state to offer last-dollar assistance to students at the four-year level.

To qualify for tuition-free programs, in-state students may apply to the state’s tuition-free scholarship program and submit a Free Application for Federal Student Aid. Here is a list of colleges that offer tuition-free programs in the country.

Have you attended an interview which you thought you owned but then didn’t get a call offering you the job? You probably prepared tirelessly for that interview and knew everything that you needed to know about the company and possessed all the skills for the role. You would have also known the answers to every question asked and were confident throughout. Here are 5 blunders that could cost a perfectly suitable candidate to lose out on a great job role.

Interview Mistakes That Could Cost You The Job

common interview mistakes people make

Here are some interview mistakes that candidates make without realizing that could make you miss out on the opportunity.

1. Over-explaining

Plenty of interview candidates make this mistake that makes an instant black mark on their profile. Most interviewers don’t share their concerns about candidates during the interview as there are other candidates lined up in the lobby battling it out for the job. This gives you reason to take matters into your own hands to pinpoint what exactly it was that was missing in your application and address them on your own.

There’s a minute difference between answering a concern addressed by your interviewer and highlighting a weakness. The longer you take to explain yourself, the more suspicious you sound. If you’re in a situation where you’ve been out of a job for a while, lost a job or left a job, you need to work on an answer that is brief and confident. If you sound like you’re trying to justify yourself or you give out excess information, you are likely to create room for more questions. Frame your answer in a short and succinct manner. There’s nothing worse than sounding nervous, bitter, unsure or unprepared while addressing a delicate matter.

For example, let’s say your company decided to restructure or downsize and you lost your job in the bargain. When your interviewer asks you why you decided to leave your previous company, you could say something like this, “It turned out to be a blessing when my previous company decided to restructure as it gave me the chance to refocus on the career path I’d like to take and I’m really glad to be here with you for this very reason.” Voila! In one sentence, you addressed the concern and shone the spotlight on the opportunity at hand.

2. Trying to be everything

While it is important to showcase traits of being a quick learner and a self-initiator, don’t go overboard with it. It’s important to keep in mind that the company is hiring for a specific role. If the job requires you to perform a task that requires a certain skill for which you don’t have much experience with, it’s best to be transparent.

For instance, the interviewer tells you, “We require our new hire to be familiar with digital marketing,” and he/she looks at you as if to ask you if that’s something you’re comfortable with, it’s ideal to be honest. You could probably say something like this, “I do not possess rich experience with digital marketing. However, I’m a quick learner and would be truly excited to deepen my knowledge of that in this position.”

3. Leading the interview

Keep in mind, they called you in, and it isn’t the other way round. Make sure you allow your interviewer to lead. Don’t try to get too paly and begin to ask personal questions. While it’s admirable to be warm and approachable, it doesn’t always work in your favor. It can sometimes even backfire, 17% of hiring managers consider asking personal questions during an interview to count against you. While it is a positive to ask some questions about at the end of the interview (or in between, only if they open up the window), it’s very important to keep in mind that they’re in the pilot’s seat.

4. Lacking warmth

A lot of candidates who walk into interviews seem so professional and polished that they lack the basic warmth that’s required to connect. You’d be surprised to hear that 38% of hiring managers have dismissed potential candidates due to their unwillingness to smile.

Interviewers often come across candidates who are so clean and perfect that they can’t connect with them. While being professional is highly sought, it is also important to remember to be human. Interviewers want candidates who can connect with the organization, gel with the workers, and bring results.

If you think that you might fall into this category, you could prepare a statement that sounds something like, “the reason this opportunity and company strikes a personal chord with me is…” Tell your interviewer what it is about the role and company that you really like. Make sure it sounds natural and not contrived. If it sounds staged, your answer is either too long or you haven’t practiced enough. Make sure you look your interviewer in the eye when you say this to them.

5. Negativity

Just like most social groups, nobody likes sitting with someone who has anything negative to say. 49% of hiring managers stated speaking negatively about a co-worker or former boss as one of the top mistakes they observe during interviews. Don’t badmouth and no matter what don’t tell your interviewer that you hated your previous job, even if you did. Instead, approach the subject from an angle of gratitude. Talk about what you learned from the job, the exposure you received with the company, and that you’re moving out now because you’re ready to grow further.

It all bottles down to your ability to stand out from the other candidates and how well you handled yourself during the interview. To land the job, it’s necessary to be personable, professional, and be able to sell yourself in a simple and concise way.

Keep in mind what not to do at your next interview and you will notice the results. You might also find our article on helpful interview tips useful for your next interview. We wish you good luck from fileunemployment.org!

Are you a recent graduate who’s looking for a job? Have you been looking for a change of jobs to upgrade your skill set? Or have you left your previous job and now in search of employment? Regardless of the category you fall under, these interview tips will come in handy for the next interview you attend.

11 Helpful Interview Tips

These interview tips don’t require much of your time or effort. Use these tips while preparing for the interview as well as on the day of the interview to effortlessly get through interviews.

helpful interview tips

1. Prepare to Ace the Basics

There are a few questions that are inevitably asked at every job interview. Make a note of these questions and prepare answers for each one of them. You can also write down your answers and then say it out loud to know how impressive it sounds.

Here are some of the most common questions asked in interviews:

  • Q: Tell me about yourself

A: My name is <first name>. I did my elementary school at <school name> Elementary and then went to <school name> school. After graduating from high school, I went to <university name> University to pursue my interests in <name the field of study>. I then took up a job as a <role name> at <company name>. After working there for <xx> months/years, I moved jobs and took up a role as <role name> at <company name.

  • Q: Why do you want to join this company?

A: I’ve taken as much as I could at my previous/current role and company and grown as an individual and a professional, now I want to learn more. I’m aware of this company’s work environment, the opportunities it presents to its employees, and how it inculcates growth. This is the reason why I want to join this company.

  • Q: What are the skills that you possess that set you apart from the crowd?

A: I am extremely patient, a quality that is not very common these days. My patience helps avoid misunderstandings, helps calm situations, and take level-headed decisions at all times.

  • Q: Name a few of your strengths. Narrate past experiences to support them.

A: I’m a team player, confident, and have good communication skills.

Once a teammate was burdened with a lot of work that was due by the end of the day. I took up a sizable portion of her tasks and also requested our teammates to join in and help her. We helped her finish the task on time.

  • Q: What do you consider to be your greatest weakness?

A: I find it hard to meet very high targets.

  • Where do you see yourself in 5 years?

In 5 years I want to be heading the <team name> of the company.

There are some more questions that could be asked in an interview

  • Q: Why are you leaving your current job?

People’s reasons to move jobs vary. Here are answers to some of the most common questions.

A: I moved from <area name> to <area name> a couple of months back because I bought a new home. I’ve been finding the commute a little too hectic. So I’ve been looking for a place that’s closer to home.

I’ve grown to the maximum potential that my current/previous employer could offer me. I’m looking for an environment that is more challenging and where I can learn more.

I was working in <city name> and my spouse got transferred here. Since we were moving here, I had to leave my previous job.

  • Q: Why does this role interest you?

A: In this role I see myself utilizing all the skills that I already possess and see the scope to implement my newly acquired skills (from a course that I just completed).

  • Q: Describe your work style.

A: Structured and Fast: I begin my day by spending the first 5 minutes planning it out. Then I make a list of tasks that I need to complete and allot time for each one of them. Only once I’m done with my tasks, I take a break. I come back from my break and review my work with my manager.

  • What are your requirements in terms of salary?

I’m looking at a 30% increase in my salary which is within the industry standards.

  • Would you like to add anything that we didn’t cover?

I’d like to tell you that I have 4 children, one of whom will be going to university this year.

  • Is there anything you would like to ask us?

I’d like to know to whom I would be reporting to and what my daily tasks would be.

Make sure that all your answers remain under one minute. Don’t ramble, keep your answers concise and articulate. This will give your interviewer the impression that your answer is well thought through.

2. Research about the company

Regardless of how new/old the company is, it’s always good to know about the company before attending an interview. It not only shows the interviewer that you are interested in the job but it also helps you understand what the work life in the company is like.

Run a search on the company and see what it’s known for. Read about the company, its products, and the team on sites like glassdoor.com, vault.com, and indeed.com. If the company has a blog, read through the posts, it’ll give you a feel of the company. See if the company has been featured in the press, who are its competitors, what its sec filings are (if it is a public company; you can do this on sec.com). You can also look up the company on LinkedIn and check to see if you have any mutual connections. Talk to them and find out what the work culture is like and if there’s anything that you should know before interviewing.

3. Don’t Underdress or Overdress

You’ve always heard, “there’s no such thing as overdressing for an interview”. Overdressing for an interview could give out the impression that you don’t understand the culture at the workplace. That’s why it’s important to research a little about the company. Before attending the interview, figure out the dress code, and go one notch more formal.

If the people in the company dress in casuals like jeans and T-shirt, wear a blazer with flats. And if it’s flats-and-a-blazer kind of place, dress in business casuals. Just make sure to go one step more formal than the dress code.

4. Keep it Conversational

While attending an interview, keep it conversational. It’s not a test. It’s just one person trying to find a match for an open role. Don’t let your answers sound like speeches. Avoid speech patterns and buzzwords. When you hear the question, flip the question over in your mind, it’s okay to think out loud as you do so. You can flip the conversation back to your interviewer by asking him/her if they think the same. Interact with your interviewer, don’t let it be the same old boring question-answer-question-answer. Your interviewer is someone getting by another workday, break the monotony and make it fun for him/her.

Make sure to not go overboard or lead the conversation astray or come off as someone who’s overconfident.

5. Run a Social Media Check

Check your Twitter, Facebook, Instagram or any other social media handles to check what kind of posts you’ve made. Interviewers often scan their prospective employee’s social media profiles. If there are sexist, racist or any other kind of memes or comments or embarrassing pictures that you’ve posted that could put you in a negative light with the interviewer, take them off.

You can also google your full name to see what content pops up.

6. Use the Products & Services

Interviewers like it when the candidate they’re interviewing is prepared. Use the product/service of the company. Get a feel of what the company’s into. Companies are always happy to receive constructive feedback.

7. Arrive at the Venue Early and Prepared

Reach the venue on time if not early. Download directions to the venue and anticipate traffic delays in advance. You don’t want to get to the interview late or sweating and panting. Don’t get to the venue too early, reaching 5 to 10 minutes in advance is ideal. Turn off your phone before your interview begins. You don’t want it buzzing or ringing during the interview.

8. Take Mock Interviews

Practice for your interview with your friends or family. If one of them has experience with interviewing employees, even better. These practice or mock interviews will give you a greater level of confidence and also provide you with the chance to experiment with different answers and hear how you sound. Ask for feedback on your answers, what could be avoided, and body language. Request the mock interviewer to ask you a few offbeat questions so you know how well you can think on our feet.

9. Checklist of the Documents

Make sure to carry 5 or 6 copies of the required documents on the day of your interview. The required documents include:

  • Resume
  • List of references (include each person’s title, company, and contact information such as phone number and email ID)
  • Reference letters
  • Samples of your work like writings, design layouts, etc. (Be sure to not give out any confidential information about your current employer)

After providing the employer with your professional references, contact the references and give them a heads up on the company and the job position.

10. Schedule for the Right Window

The best time to interview, according to Glassdoor, is at 10:30 AM on Tuesday. On Mondays, employees are usually gearing up for the week, while on Fridays they are preparing to wind down for the weekend. The same principle applies to the first and last slots of the day. The interviewer has other responsibilities beyond hiring. Similarly, it’s best to avoid the slot just before noon as your interviewer could be too hungry to concentrate; or the slot immediately after lunch as they could be in a food coma.

However, in circumstances where the decision needs to be made quickly, it’s best to pick the earliest slot available. Decisions are often guided to those options that are presented first when there are immediate requirements.

11. Prepare for the Unexpected

When faced with the unexpected at an interview, remind yourself that this is an interview and not an actual situation. Keep your cool, take your time before you answer. Don’t feel pressured to answer quickly and say the first thing that pops up in your mind. Some interviewers ask questions that help them understand the personality of the candidate. Some such questions are:

  • Tell me about someone you admire.
  • How many people are flying in the US right now?
  • If you were a boss, what kind of people would you hire?
  • What bothers you most about other people.
  • Tell me about a colleague that you really got along with.

These questions aren’t always asked at interviews, but if you’re asked a question, it’s always good to know how to answer unexpected questions.

Use these tips for your next interview and be sure to notice the difference in your performance. We wish you all the luck in your next interview.

helpful interview tips 2017

You can gain additional tips by interacting with people in similar situations or experts in the field at our Community Forums if you have any queries regarding unemployment insurance.

A nation’s economy is its backbone, having an immediate as well as a lasting impact on pretty much every single citizen. The need to want the country’s economy to grow and flourish – to want the currency to hold its position globally, to keep import and export healthy and financially viable, to strive for employment for all and to have a yearly budget that looks after the needs of all, amongst many other things, are essential to the sustainable existence of generations to come.  

From affecting the savings of every family to budgets of the largest charities, workers keeping the jobs they have to the unemployed and economically backward having an easier time finding work, and even retirement savings and insurance – a strong economy can make all the difference.

What is it that makes a nation’s economy develop and grow? Understanding that isn’t about having a degree in micro-economics or being a math wizard – all you need is to comprehend how economics works into daily life and burst the myths that are commonly believed.

One of the most common flaws in understanding the economy of a state is looking at it as one static whole, which can be divided into parts of various sizes, where in the differences in size creates the economic hierarchy. This analogy functions much like cutting a cake for all the guests at dinner, but the economy doesn’t quite work that way. Firstly, the whole is a not a static constant, instead, it can be made to increase by us creating wealth, and shrink in size if there erroneous decisions made. While the size of the part each individual gets depends on the wealth they create, it is possible to assure a larger part for each citizen as compared to what they would have gotten before.

The 2008 Crisis

The importance of a growing economy is most easily proven when we look back at the crisis in 2008, marked by the fact that the consumption rate in the United States of America in 2007 and 2008 was much larger than its GDP – the Gross Domestic Product. The GDP measures a nation’s economic prowess and performance.

Ways to Build a Strong Economy

The subprime mortgage crisis marked the beginning of the recession in the US, caused by a sudden drop in housing prices which couldn’t be made up for due to foreclosures and mortgage wrongdoings not having value anymore. Between 2000 and 2004, loans were granted without any problem at all, and the façade of a high demand was kept up – causing the prices of houses to remain high even though they should have technically dropped. When the tables turned in 2007, prices dropped but the money had already been invested, pushing the banks into a state of economic emergency.

While the cause of this crisis has been attributed to various flaws in government and housing policies, financial institutions, regulations, consumers and credit agencies, the primary concern did arise when subprime mortgages and loans allowed for fervent investment in homes without a worry of repayment in the near future.

The recession had a gross effect on the stock market, housing prices and employment status across the entire continent – each falling by 50%, 30% and 6% (9 million workers lost their jobs) respectively. Though the stock market got back up in approximately five years, the widespread unemployment and low housing prices remained.

Keeping the economy at its best and constantly growing for years to come is essential for our lives and that of the future generations.

While there is much debate about how that can truly be achieved, here are 5 ways which illustrate steps towards economic growth.

5-ways-to-build-a-strong-economy-2

Keeping Manufacturing Units in the Country

From cheap labor abroad to the lack of tax incentives within the US, manufacturers have relocated to other parts of the world in startling numbers. This outsourcing of production and manufacturing is a game changer when it comes to the lack of good employment opportunities for residents. What is more, the manufacturing unit takes with its facilities and profits, making the rate of investment back in the country significantly less.

That has to change – manufacturers keeping their holdings in the country and forming a bond with the government with tax reforms can generate job opportunities for millions, whilst allowing for the investment of profits in other companies and consequently increasing the economic structures further. Companies should be allowed to get back their overseas profits at moderated rates, as long as a part of a sum is invested back into the boost of workforces and increased manufacturing scope and capacity.

Free and Fair Trade

A very small percentage of American companies export, even though approximately 95% of the world’s consumer base is in countries outside of the US. Policies incorporating trade and export as a way to build financial strength can make a large difference not only to the economy of the US but to the other nations we trade with as well.

Global competitiveness, relationships with other nations through import and export, and exchange of both tangible and intangible products and skill can be a crucial player when it comes to economic forte, but the first step lies in the hands of the policy makers.

The Strength of Innovators and Entrepreneurs

For a country’s economy to flourish, it must call for new and fresh ways to build upon each of its industries and sectors – giving investors a reason to look their way and keep the demand-supply relationship with consumers alive and thriving.

For a country which has grown year after year because of its groundbreaking and state of the art ideas, industries and businesses, it is essential for new blood to be allowed to innovate, compete, take risks and develop new launch pads for the next generations. If the economy does not continue to forge new bonds with entrepreneurs, a time will come when the major wealth makers of the country will either reach stagnancy, or the monetary funds will pool up into pockets.

Crowdfunding; Bringing the Nation Together

From the time of the crisis in 2008, start-ups both big and small have had a hard time getting hold of investors and capital to get the ball rolling on their ideas.

A solution that has off-late led to a very functional way to tackle this issue is Crowdfunding, where in individuals can contribute small sums or money towards an entrepreneur or innovation they believe in, allowing it to grow with the support of numerous people. Breaking notions of distance and monetary strength as necessities to become an investor or entrepreneur, crowdfunding fundamentally democratizes the concept of investment and keeps the creation of wealth going even in times of recessions.

Bridging the Gap Between Economic Growth and the Environment

Last but definitely not the least, economic growth is often used as an argument to hold back on environmental laws and policies – constantly stating that it is either one or the other than can be strengthened at a time.

At a time like today, when the need to save and be efficient is a matter of life and death, the assumption that both economy and environmental strength cannot coexist is flawed. Economic strength itself boils down to the individuals in society, their livelihoods at present and the sustainability of the financial and social model for generations to come. When the environmental deterioration is left out of the discourse, long-term arguments fall flat.

For the economy of a country to strengthen and grow, sustainable sources of energy, environment-friendly infrastructure, innovation to cut down carbon emissions, and regard for careful and efficient waste management have to be worked into the system itself, instead of being postponed or looked at as hazardous to the economic boost.

Education is an economic issue when the unemployment rate for people who have never gone to college or dropped the education is almost double what it is for those who have gone to college as per the statistical report.

Workers face serious hurdles when it comes to obtaining a degree. Time and money are the two considerations to learn and improve their skills and eligibility. No doubt, you get new skills through education. You get employed with your skills and brings in better job opportunities.

Proper education must be provided to the younger men and women who will be playing a role in developing the nation’s economy. Every society should concentrate towards the reconstruction and overhaul of the education system according to the changing requirements and environment of the State.

Is it a Better Idea to Study while working or Searching for Job…

With the implementation of better education and training programs offered by State, private players and non-profit organiations, jobless people can now find more  jobs with better earnings potential. In tough economic conditions, it may be a good idea to go back back to school to gain better knowledge.

Jobless workers who are already receiving Ohio unemployment benefits may also enroll in special education and training programs to improve their job prospects in and outside of the State.

Federal financial Assistance for unemployed for training purposes

Federal government has implemented multiple grants, loans and work-study programs in order to assist for continuing education and training. At present if you are treated as unemployed,  you will be eligible for Ohio’s federal student aid, which includes the Federal Pell Grant.

Eligibility and Benefit of Federal Grant Aid

If you are treated as unemployed from the State of Ohio’s employment agency then you will be eligible for federal financial aid. Federal student loans and grants are also available to the eligible candidates. Financial aid administrators and participating institutions consider unemployed person’s current economic circumstance into account while deciding the student’s eligibility for assistance.

Every student who is about to get the benefit of federal grant aid are expected to meet few criteria that include:

  • Not being in default on a federal student loan
  • Having a high school diploma or General Educational Development (GED) equivalency, and
  • Being a U.S. citizen or eligible non-citizen. Pell Grants are not available to students who have already received a bachelor’s degree.

For the annual budget of 2013 $4 trillion is proposed for the educational and career development project which favors the following priority areas:

  • Community colleges work training that will lead to skill building
  • College based training programs that provide certified training
  • Paid internships for low income students and the ability to earn credits for work based learning.
  • Incentives for training providers by ensuring them that those trainees get a permanent job.
  • State and local governments offering grants to companies to locate and organize in US that lead to quick job to the students.
  • Six-weeks of online training course on entrepreneurship that could reach up to 500,000 new entrepreneurs, and an intensive six-month entrepreneurship-training program resulting in entrepreneurship certification for 100,000 small business owners.

Education and Labor department have funded to equip the workers in cultivating skills in the areas of transportation, advanced manufacturing and health care. These investments have enriched community colleges with best resources to become the best career provider. Such community college ensures that the employers provide skillful work.

Educational Assistance of Voluntary Organizations

Assistance of voluntary organization will also give supporting hands on training and finding prospective employers. These organizations are equipped with the unanimous view that more employment exchanges should be opened in order to give guidance to the people who are in search of employment. They also assist in motivating self employment proposals.

In general, Unemployment Insurance is considered as the temporary or momentary income for those who are looking for new jobs or awaiting recall from the company and for workers who are unemployed because of no mistakes of theirs.

Education and Training

An excellent idea is to overcome unemployment stress by improving your skills and techniques to get better jobs. Your talent should be compensated in accordance with what your employer would expect. It is very necessary to increase the depth of your skill either through education or through training that will surely help you to land on a suitable job.

Pennsylvania Workforce Commission has featured various programs to assist and continue unemployed education, further by providing training and offering new skills.

By empowering youth with the skills and opportunities they can build their careers that create a better future for themselves, their families, and their communities. By utilizing State or private education and training programs, unemployed citizens will be linked to job opportunities.

Pennsylvania Unemployment Career Counseling and Financial Assistance

Pennsylvania unemployment benefits consist of career counseling, weekly benefit check, job and skill re-training services and job placement services. Further, it includes information about other resources and services and also help making a resume and training on how to interview well.

The state is also furnished with the Temporary Assistance program that can help with financial assistance, food stamps, training and job searching in the Pennsylvania. Spending on training schemes to re-skill the unemployed through investment in vocational education or guaranteed work experience for unemployed is the highlighted assistance from the State Program.

Unemployed and Training Programs

If you are unemployed, looking to start your career, or if you are planning to change your career direction then you are assisted by large number of optional education and training programs funded by Pennsylvania.

PA Unemployment Insurance Agency plays a vital role in supporting unemployed workers as well as their families through crucial time of financial crisis. Programs are featured in order to support during economic hardship by providing temporary monetary benefits for those eligible and qualified.

Vocational Training Programs

This program offers you with the opportunity to return to full time education, if you are considered unemployed. One of the main intentions behind this scheme is to offer unemployed people with education and training skill that will assist with job mobility. Another aim of this program is to equip unemployed to get paid for their employment or to further opportunities leading to paid better.

Training Courses

Training Courses are implemented in order to offer unemployed an opportunity to develop or upgrade their skills in the field of commercial or industrial sectors if you are unemployed.
General training course programs includes the training in the field of:

  • Accounting
  • Banking
  • Construction Project Management
  • Land Surveying
  • Sales
  • Textile Merchandising
  • Teaching
  • Workplace Success Professional Skills
  • Entrepreneurship training

Trainee-ships

Trainee-ship offers the on job training who is already working for a company or if in case if he/she is a first time job seeker then they are trained under offline job training procedure.

Higher Education Programs

This programme  provides the skill developing programs for  employees who are already working in the field of construction, manufacturing or other sectors of the economy assist with higher education programs. These education and training programs are done by identifying different sectors of economy that offers solid growth potential but lack appropriately qualified candidates.

Pennsylvania Unemployment Benefits

If you are an unemployed and have decided to obtain the unemployment benefit then you must file the claim where you are expected to have worked at least 16 weeks in the base period. If you have worked minimum of 18 weeks then you can afford to get 26 weeks of unemployment benefits. You can follow the thread link of Pennsylvania (PA) unemployment benefits guide.

In order to consider the qualifying wage of Pennsylvania there are different techniques involved to determine the unemployed weekly benefit amount. Pennsylvania considers into calculation of two high quarters method for computing weekly Benefits. This quarter reflects the near wage of full time work of the worker.

Further, 13 divided by with the average weekly wage. Based on the percentage of the weekly wage, weekly benefit is calculated.

For instance, a worker who earns $2600 in the high quarter has average weekly earnings of $200 a week ($2,600 divided by 13). If the state substitutes ½ of the average weekly earnings, the weekly benefit amount is $100. To make the calculations simpler, states determine the “overall” multiple of the high quarter wages to decide the weekly benefit amount.

The minimum weekly benefit amount for Pennsylvania is $35 – $43 and the range of maximum is $573 – $581.

The minimum wages required for maximum WBA for highest quarter is $14,898 and for base period is $22,840.

https://fileunemployment.org