More than 70% of job seekers believe that the current economic climate is making it difficult to find a job.
Many employers are holding back on hiring due to the current economic challenges. Some industries, such as tech, are more focused on cutting jobs right now rather than hiring.
The August jobs report released by the U.S. Bureau of Labor Statistics shows foreign-born workers gained more than 1.2 million jobs over the last year. Unfortunately, native-born Americans lost more than 1.3 million jobs during the same time period.
U.S. job growth increased slightly in August but fell short of economists’ expectations. At the same time, the unemployment rate changed little.
The confluence of these and other factors makes job hunting difficult.
Business Insider reports on why finding a job is so awful right now. Here’s the start of the story:
After four decades of earning a living in the world’s preeminent tech hub, David Jolles gave up on Silicon Valley.
It’s been a year and a half since he was laid off from his role as a project manager at a fintech company and he estimates he’s since applied to some 1,000 jobs.
“It’s a disaster. I’m still unemployed,” Jolles told Business Insider.
He’s now unpacking after a recent move to the Atlanta area to find work — maybe in a service job — and a lower cost of living.
Jolles is one of the job-search long-haulers. It’s a day-to-day existence where logging on in the morning means parsing open roles to determine which ones might be worth a shot and which postings might be fake. And it means figuring out how to tweak a résumé so it scores well with the software most big companies use to screen applicants.
It’s also a world where spreadsheets are often like odometers on a frustrating journey: applications submitted, recruiters pinged, rejections received, and household budgets depleted.