{"id":38870,"date":"2025-12-04T17:17:58","date_gmt":"2025-12-04T17:17:58","guid":{"rendered":"https:\/\/financialrush.com\/?p=38870"},"modified":"2025-12-04T17:17:58","modified_gmt":"2025-12-04T17:17:58","slug":"unemployment-claims-after-a-layoff","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=38870","title":{"rendered":"Unemployment claims after a layoff"},"content":{"rendered":"

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Thana Prasongsin | Moment | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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This year has been the worst for layoffs<\/a> since the start of the pandemic, a new report shows \u2014 and those newly unemployed workers are entering a tough job market<\/a>. <\/p>\n

While a job loss can leave workers scrambling to keep up with bills like their mortgage<\/a> or children\u2019s college tuition<\/a>, there is one thing it\u2019s important to do before you reassess your expenses<\/a> or talk to lenders<\/a>, experts say: Apply for unemployment benefits<\/a>.<\/p>\n

It can take weeks for the benefits to reach you, and minimizing that wait can help you shore up your financial situation. <\/p>\n

\u201cAfter a layoff, workers should apply for unemployment benefits immediately to help cover essential expenses and preserve their savings for true emergencies,\u201d said certified financial planner Douglas Boneparth, president of Bone Fide Wealth in New York. Boneparth is also a member of the\u00a0CNBC Financial Advisor Council<\/a>. <\/p>\n<\/div>\n

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More from Financial Advisor Playbook:<\/h2>\n
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Here\u2019s a look at other stories affecting the financial advisor business.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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U.S. employers have cut<\/a> 1.17 million jobs through November of this year, with corporate restructuring, artificial intelligence and tariffs to blame, consulting firm Challenger, Gray & Christmas reported<\/a> Thursday. That number is the highest level since 2020, during the Covid pandemic. <\/p>\n

Payroll processing firm ADP also found this week that the labor market slowdown intensified in November, with private companies cutting 32,000 workers<\/a>.<\/p>\n

Here\u2019s what workers need to know about unemployment benefits. <\/p>\n<\/div>\n

Documents you\u2019ll need to file for unemployment<\/h2>\n
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Before filing for unemployment benefits, you\u2019ll want to gather the following information, said Michele Evermore, senior fellow at the National Academy of Social Insurance: <\/p>\n