7 Financial Steps to Take After Losing Your Job

US Layoffs, Hiring Freezes Are Tip of Labor Market Slowdown

What's happening

With the economy slowing, companies have begun to lay off workers, and some economists say the trend is likely to accelerate in the months ahead.

Why it matters

An unexpected job loss can be an extreme financial and emotional shock for you and your family.

What's next

Protecting your finances in the aftermath of a layoff requires being vigilant, proactive and taking certain timely steps.