Business: What It Is Like to be Laid Off

UNEMPLOYMENT in the U.S. no longer means breadlines and deprivation, but the reality of joblessness still brings painful changes to the people who make up the statistics. If unemployment continues long enough, it can often lead to the loss of one's home or car, to the unpleasant need of relocating in another part of the country, or to personal discouragement. The effects on three typical families: THE MACHINIST. In Seattle, where widespread unemployment creates a here-today, gone-tomorrow mood, the current definition of an optimist is a Boeing worker who brings his lunch to the job. One man who can appreciate...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!