Why Self-Employment May Be the Best Option After a Layoff

The average unemployed person in America has looked for work for 39.7 weeks, or more than nine months. That is the longest average unemployment spell since the Labor Department started keeping track way back in 1948.

So, how long have you been without work? Does it seem as if there are no jobs available at all? Has the idea of starting your own business crossed your mind? Maybe it should. Self-employment may be the best option after a layoff. And sometimes, it’s the only option.

1. Your layoff...