The National Foundation for Credit Counseling (NFCC) offers financial advice to those who need it and with the state of the nations economy right now, there are plenty of people that do.
On Thursday, the US Department of Labor said that unemployment insurance claims rose by 12,000 this week. The increase to 500,000 claims for jobless benefits is the highest since the week ended Nov. 14. For the week ended Aug. 7, first-time claims were revised up to 488,000 from 484,000.
The department said the four-week rolling average for initial claims rose by 8,000 to 482,500 from the previous week's revised average of 474,500.
The U.S. unemployment rate is 9.5 percent.
The news coincides with NFCCs consumer tip of the month: be prepared for job loss with a recovery plan of your own. This includes being aware of any pending layoffs at work, updating your resume, and familiarizing yourself with government benefits.
Learn more about the NFCC and get more of their financial tips by going to their website at nfcc.org.
