Remember when job seekers could name their price and ghost employers? Not anymore.
The Wall Street Journal reports we're back to a more quote "prosaic" job market. That's a fancy way of saying normal.
Unemployment's up to 4-point-1 percent, the highest since 2021. And job openings are back to pre-pandemic levels.
But economist Claudia Sahm says it's still a "good labor market." Just not the gold rush we saw post-COVID.
Companies aren't throwing money at candidates anymore. Wage growth is slowing down.
Job hunters are feeling it. It's taking longer to land a job now. You can't just show up and get hired.
My favorite quote about this was on LinkedIn: “Don’t know what’s worse, the job market or dating scene.”
Sounds like someone who listens to my show!
So, what's our next move? Should we stay put or look for greener pastures?
I think that all depends. If you’re miserable or feel trapped or your job seeping into the rest of your life by all means look around, jobs are everywhere.
But be prepared for a long slog.
Sharpen your saw. Learn something new. Tailor your applications. Network like crazy. And for the love of all that is holy take breaks.
Because no one is handing out free lunches anymore.
What do you think? Is this the new normal? Or are we headed for tougher times?
Share your thoughts in the comments and support my work at JamesBrowntv.substack.com.
On that note, I'm James Brown, and as always, be well.
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