💼Despite low unemployment rates, finding a job remains challenging due to fierce competition.
🔍Job seekers often experience burnout from applying to numerous jobs with few responses.
🕒The hiring process has become longer, with multiple rounds of interviews and assessments.
📉Employers are hesitant to lay off workers due to recent labor shortages.
🌡️The job market is cooling, with employers and employees being more selective.
Why is it challenging to find a job despite low unemployment rates?
—The job market is highly competitive, with many applicants vying for limited job openings.
Why do job seekers experience ghosting from employers?
—Employers may receive an overwhelming number of applications, making it difficult to respond to every candidate.
Why has the hiring process become longer?
—Companies are implementing multiple rounds of interviews and assessments to ensure the right fit.
Why are employers hesitant to lay off workers?
—Recent labor shortages have made employers more cautious about losing skilled employees.
Why is the job market cooling despite low unemployment rates?
—Both employers and employees are taking a more measured approach, resulting in a slowdown.
00:01On paper, the job market appears solid, with low unemployment rates and job growth.
01:01Job seekers often experience burnout due to the high number of applications and limited responses.
02:30The hiring process has become longer, with multiple rounds of interviews and assessments.
06:06Employers are hesitant to lay off workers following recent labor shortages.
07:21The job market is cooling, with both employers and employees being more selective.
