6 Things You Must Do if You've Lost Your Job

It is extremely common to lose your job. The Center for Economic Policy and Research reports that six million people lose or leave their jobs every single month.

So if you're feeling discouraged, defeated or singled out, know it's not just you.

Take a moment to catch your breath after the incident.  When you're ready, it's time to spring into action. 

Here are 6 steps to take after losing your job.

1. Assess the Situation

-Process your emotions and the situation -Think about what you are good at and what you enjoy doing -Evaluate your career goals

2. Apply for Unemployment Benefits

You may be eligible to receive them. While unemployment benefits usually hinge on you not being at fault for the job loss -- such as with a layoff -- there may be exceptions to this rule.

3. Review Your Finances

Review things like bank accounts, credit card statements and bills to see where you stand.  Adjust your budget if you don't have enough for at least six months of expenses.

4. Update Your Resume and Online Profiles

-Having an up-to-date resume and online profile is key. -Add your most recent experience to your resume.  -Include achievements that might be relevant to the job search.

5. Apply for Jobs

Research jobs and companies in your field on LinkedIn, Indeed or through a Google search.  Tailor your resume and cover letter to match the job requirements. Look for opportunities to make connections at conferences or job fairs.

6. Consider Retraining or Upskilling

Start by evaluating your skills and see if there are areas where you can improve. New skills gained from online courses, vocational training, and other courses will better position you and make you a more competitive candidate as you look for your next job.