Ridiculous level of unemployment during the financial crisis turned into a catastrophe for the American people. As reported by the Department of Labor’s report, unemployment rose up to 9.8% in September 2012.
Unemployment is most of the time a disaster for people; it considerably reduces the standard of comfort, leads to the loss of skills and aptitudes, often making people homeless. Americans consider unemployment a misfortune. Enforced idleness is contrary to human nature. It results in laziness and lack of confidence in own strength.
From the time of Franklin D. Roosevelt White House has successfully taken action against devastating unemployment. 1932, during the depression, about 24.5% of the population in America was did not have a job. 1936, the number fell to 14%, and almost disappeared during the WW2. America has a huge experience in overcoming mass unemployment. One of the ways to solve major financial difficulties for the unemployed individuals is an auto equity loan. If you can prove a somewhat steady income, you can still apply. To find out more click here.