The Job Market Can Be Tough

Online, December 2, 2010 (Newswire.com) - While new technologies such as on-line job sites and electronic classifieds have made looking for a job easier sometimes, in many cases lowering or eliminating entirely the costs associated with paper resumes and mailing costs, the real costs involved in searching for a position are still daunting (and surprising) to many applicants. In addition to the opportunity cost of the time spent job-hunting, the unavoidable out of pocket expenses can really add up. One survey reported that almost a third of respondents reported spending between $500 and $1,000 looking for a position, with many spending more. Typical expenses were travel and lodging costs, clothing and costs associated with resume printing.

Sometimes job seekers who have not built up savings or contingency reserves turn to short-term loans or signature loans in order to meet the costs of finding a new job. Find out whether a signature loan in the form of personal loans or business loans of up to $250,000 is right for you.

Whether you find yourself suddenly unemployed, you have decided that it's time to change jobs or if you are searching for a job for the first time, it can come as a shock to realize just how much money job seekers need to spend in order to reach their employment goals. For those who are hunting for a new position due to an unexpected layoff, the shock can be even greater, as there are usually little in the way of savings set aside for such a financial emergency. As the job market has tightened, more young people - even recent college graduates are struggling to find jobs.

Applying for a new job can mean a significant financial outlay. While analysts remain optimistic that the economy and the job market is continuing to improve, the current average unemployment rate remains high at an average 9.7% nationwide.

Non-traditional lenders have often approved signature loans for those in difficult financial circumstances. Credit unions, small banks, private money lenders and finance companies often have retained the ability to make signature loans to young people, and are usually more flexible in their approval guidelines. See if you can pre-qualify for a signature loan of up to $250,000.