Money: Pack That Parachute

As war grinds on, so will layoffs. Here's how to prepare yourself--just in case

First, the good news: If the war is over in a month, about 1.7 million new jobs will be created over the next year, according to forecasts by Gus Faucher, senior economist at These jobs wouldn't quite equal the number that have been lost in the past two years--2 million--but they would be a good start.

The bad news: if the conflict in Iraq drags on, there will not only be additional layoffs but longer ones too. Still, you aren't powerless. If you think you might be laid off--and especially if you have already been given notice--there are...

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