Unemployed Americans Find Job Searches Take Longer as Labor Market Cools

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Unemployed Americans are spending more time out of work as employers slow down hiring from a red-hot pace earlier in the pandemic

Sarah Herhilan is finding that the competition is stiffer than in the latter half of 2021, when she was also looking for work.Jan. 21, 2023 5:30 am ET

When Jeffrey Durante was laid off from a financial technology company in August, he hoped he could land a new job by November. But come mid-January, Mr. Durante was still searching for a product-manager job or related role. And he isn’t alone.

 

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Thank you for this article! In fact, history says we are already in a recession based on this data:

There was red-hit hiring after the pandemic because 20 million jobs were lost as a result of the government shutdown. Of course once businesses were allowed to reopen there was insane rates of hiring.

Are those full time jobs listed in the jobs reports?

Isn’t the unemployment rate 3.5%? This isn’t 1929

Labor shortage but staff surplus. Layoffs in tech.

When I got out of the Army in '72 I took unemployment. The fact is, like most people, (not all), I did not seriously look until it ran out.

Thanks to the Fed intentionally crashing and burning the economy by jacking interest rates to somehow stop inflation. If people have to pay 400% more in interest, that's not curtailing inflation, that's banana republic hyperinflation.

Pelosi will feed them.

The last time I was unemployed, it took me 10mos to get back on my feet (Nov 2011-Sept 2012). I don't envy anyone out looking right now one bit...... :/

Biden’s America. Build back nothing

Inflation control

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