The economy continues to crank out bad news. Today’s statistics about home sales were dismal. Housing sales last month were the lowest since 1963. That’s pretty bad. Experts are starting to speculate that the poor housing market could push the economy into a double dip recession which, if it occurs, would mean that many more people could easily lose their jobs.
Don’t get us wrong; there’s not currently a consensus about this bleak outlook, but it is gaining credibility among some analysts. Furthermore, I am no economist and have no real idea what is going to happen to the economy in the coming months and years!
But I do know that losing a job is devastating both financially and mentally. Job loss can shake up emotional stability and deflate self-esteem. Let’s face it; for many, a job is a major source of personal identity as well as income. Those who lose their jobs are at risk for developing anxiety disorders, depression and substance abuse. People who, previous to losing their jobs, had a tendency to be anxious, depressed, or abuse alcohol or drugs, are likely to get worse after a job loss actually occurs.
If you’ve lost your job recently and feel signs of creeping anxiety or depression, we recommend that you take some swift actions to prevent yourself from sliding downhill. Here are a few suggestions:
We’ll talk about anxiety related to job interviews and dealing with creeping job loss related depression in another blog soon.
Prof.Lakshman (June 23, 2010)
From Psych Central's website:
PsychCentral (June 23, 2010)
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From Psych Central's World of Psychology:
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Last reviewed: 23 Jun 2010