People wait in line to attend a Long Island job fair on May 2, 2013 in Uniondale, N.Y.
I recently found out that the company I work for is going out of business and my job will be ending in a little over a month. I work as a IT Analyst and have have been looking for a job that is a step up a little while but have not had any success yet. I can afford to go with out a job for a short while, and have some connections that may be able to get me a job at a much lower level then I am at currently. What would the least damaging in the long term -- an unemployment gap in my resume or being underemployed for a period of time, and is it unrealistic to look for a job that is a step up after losing a job?