Unemployed Office Workers Are Having a Harder Time Finding New Jobs (msn.com)
(Monday January 06, 2025 @05:20PM (msmash)
from the state-of-affairs dept.)
More than 1.6 million Americans have been [1]jobless for at least six months , up 50% since late 2022, despite the economy adding over two million jobs last year, Labor Department data shows.
The average job search now takes six months, primarily affecting high-paying sectors like tech, law, and media. While the 4.2% unemployment rate remains below pre-pandemic averages, job postings have dropped to one per unemployed worker from two in early 2022.
Software development, data science, and marketing roles are 20% below pre-pandemic levels, while healthcare and government sectors account for half of recent job creation. The number of Americans receiving unemployment benefits reached 1.8 million in late December, approaching post-pandemic highs, as wage growth declined to 4% from 6% during the early 2020s hiring peak.
[1] https://www.msn.com/en-us/money/markets/unemployed-office-workers-are-having-a-harder-time-finding-new-jobs/ar-AA1x0Sbn
The average job search now takes six months, primarily affecting high-paying sectors like tech, law, and media. While the 4.2% unemployment rate remains below pre-pandemic averages, job postings have dropped to one per unemployed worker from two in early 2022.
Software development, data science, and marketing roles are 20% below pre-pandemic levels, while healthcare and government sectors account for half of recent job creation. The number of Americans receiving unemployment benefits reached 1.8 million in late December, approaching post-pandemic highs, as wage growth declined to 4% from 6% during the early 2020s hiring peak.
[1] https://www.msn.com/en-us/money/markets/unemployed-office-workers-are-having-a-harder-time-finding-new-jobs/ar-AA1x0Sbn