Connect with us

Hi, what are you looking for?

Business

Here’s how you may find work faster if you were affected by tens of thousands of workers being laid off in January.

Male applicant having job interview, employers reading resume, asking question. HR representatives hiring young business professional. Recruiting, cooperation, introduction concept. Close up top view

New government data has highlighted a surprising strength in the job market for January. However, signs of weakness are emerging, with a notable increase in job cuts since the beginning of 2024. In January, U.S. employers announced 82,307 job cuts, marking a 136% increase from December’s 34,817. Despite this surge, it represents a 20% decrease from January 2023.

The U.S. job market overall remains strong, maintaining a 3.7% unemployment rate. The number of job openings is still significant, standing at nine million, although slightly lower than the peak of 12 million before the Covid-19 pandemic. Mark Hamrick, senior economic analyst at Bankrate, emphasizes the overall positive job security but acknowledges disruptions in certain sectors due to innovation and economic adjustments.

The changing landscape, driven by factors like the shift to online sales, repositioning in the mortgage industry, and adjustments in entertainment and media, may result in job cuts. However, Hamrick notes the benefit of the elevated number of job openings, indicating ongoing opportunities for job seekers.

Vicki Salemi, a career expert at Monster, offers advice for those facing job loss:

1. Take a moment to grieve:

Acknowledge feelings of rejection and shift into a positive mindset.

2. Refine your search strategy:

Update your resume, practice interviewing skills, and apply promptly to relevant positions.

3.Identify the ideal position:

Consider factors such as location, industry, and tasks to define your ideal job.

4. Keep your skills sharp:

Utilize the time between roles to enhance skills through part-time work, volunteer opportunities, or online classes.

5. Know your worth:

Don’t settle for a lower salary based on unemployment; employers expect negotiation.

The article aims to provide practical advice for those navigating the job market amidst fluctuations, emphasizing the importance of a positive mindset, strategic job searching, skill development, and negotiating fair compensation.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Business

Microsoft Teams had a major hiccup on Friday, causing disruptions and various issues for users. The problem started around 11 a.m. EST and quickly...

Business

JetBlue Airways is considering pulling out of its $3.8 billion acquisition of Spirit Airlines following a federal judge’s blockage of the deal in response...

Business

Tesla is pulling back nearly 200,000 cars in the U.S. over a glitch with the backup camera not kicking in when the car’s in...

Politics

The former US president Donald Trump is aiming to deal a significant blow to the campaign of the former South Carolina governor as she...