CosmicTaco

US Job Market: Secure Jobs but Tougher Job Hunts

CosmicTaco · 2024-09-05T23:06:43.560074+05:30

- The American labor market has cooled, making job searches harder despite low layoffs. - Joovay Arias, a software engineer, faced a year-long job hunt after being laid off by Spotify. - Job openings have dropped by more than a third since March 2022, with temp jobs declining. - High interest rates have led to layoffs in tech and finance, pushing experienced workers into the job market. - Recent graduates and entry-level job seekers are struggling to compete with experienced candidates. Source: [Associated Press](https://apnews.com/article/jobs-hiring-layoffs-employers-workers-labor-employees-7e080c656c58b2815653a706c2abf851)

The American labor market has cooled, making job searches harder despite low layoffs.
Joovay Arias, a software engineer, faced a year-long job hunt after being laid off by Spotify.
Job openings have dropped by more than a third since March 2022, with temp jobs declining.
High interest rates have led to layoffs in tech and finance, pushing experienced workers into the job market.
Recent graduates and entry-level job seekers are struggling to compete with experienced candidates.

Source: Associated Press