Weakness in the Job Market

 Weakness in the Job Market

Job openings reached their lowest level in 10 months during July, as a pullback in hiring continued. Postings dropped to 7.18 M from a revised 7.36M in June, the Bureau of Labor Statistics said Wednesday. The ratio of vacancies to unemployed workers hovered at 1, the lowest since 2021, while layoffs increased to their highest level in a year. The data from the bureau follows its sharp revision lower of new nonfarm payrolls in recent months — and precedes an employment report for August on Friday.

Source: LinkedIn News

Point to ponder - how many openings that were published in July were remnants of prior months - making the issue more troubling...

From my TikTok Account - Interviewing

 From my TikTok Account - Interviewing

https://www.tiktok.com/@allanwritescareers/video/7286595694431948062

Elevated long-term unemployment

Elevated long-term unemployment occurs when a significant portion of the unemployed have been out of work for an extended period, typically 12 months or more, and is driven by economic downturns, a mismatch between worker skills and available jobs, and increased uncertainty for businesses. This situation leads to negative outcomes, including declining worker skills, decreased social capital, and potential physical and mental health issues, as well as societal costs like reduced gross domestic product (GDP) and increased government expenses.

AI - Labor Market Disruption

 Artificial intelligence (AI) has already become a disruptor in the labor market, as job postings declined over the past year by 6.7% YoY, with entry-level positions especially hard-hit. Job posting in the tech sector are down 36% as compared to pre-pandemic numbers.

The former is a cause / effect as a consequence of the use of AI but is also a cause by tariffs, government change, foreign policy and inflation. Those entering the job force are more affected because these are more junior / support roles as opposed to those in decision making roles.

The latter has to do with over-hiring in the sector during the over-hiring that occurred in 2021-2022.

In all events, you need to ramp up networking to find the what you are looking for. It is the best way to find jobs, postings not withstanding!

Source: CBS Sunday Morning

For College Grads Starting Job Searches

 College Grads:

I know the market is challenging but I strongly recommend that you stick to the fundamentals so you manage your search properly.

Now that you are starting your search, the three (3) tips below should be useful:

1. Network!  Think of the people you know -- relatives, friends, professors, classmates, co-workers at summer jobs,

and others. Make more of an effort to meet with people, and use these conversations to ask their advice, to make

them aware of your job search, to learn more about their jobs or their organizations, and to get the names of others

who might be useful in your job search.

2. Create a contact database. Write down all the employers you contact, the date you sent your résumé, any contact made,

people you talk to, and notes about those contacts. Keep a notepad with you at all times -- take notes as soon as you hear

about an opportunity or when you leave an interview. Get into the habit of updating your database daily.

3. Make a "to do" list every day. This will help you organize your list of priorities and keep you focused on finding

that perfect job.

From Today's WSJ

 From today's WSJ.com:

If you need to leave the office at 4 p.m. to pick up your kid, that’s fine in more workplaces now. If you roll in at 10 a.m., prepare to be stink-eyed.

In the postpandemic workplace, there is less pressure to be at our desks for eight-plus hours a day. But when we reduce our attendance matters.

So what is it about when we enter and exit the cubicle? We feel less self-conscious about leaving in the afternoon, after we’ve accomplished most of our tasks and had face time with the boss. Many of us log back on from home in the evening, so it is well understood that slipping out before 5 p.m. isn’t a sign of slacking off.

Showing up late is another story. Even if you plan to compensate by staying at the office longer, it can look and feel like you’re lagging behind colleagues who arrived sooner.

This is part of productivity theater, the office drama where visibility is key to playing the role of dedicated employee. Acting methods include scheduling emails to be sent after you’ve called it a day, so it appears you’re still working. There’s also “coffee badging,” the practice of swiping into the office just long enough to get a caffeine hit and an RTO credit.

Instagram - Applicant Tracking Systems (ATS) - use of Zip Code

 Instagram - Applicant Tracking Systems (ATS) - use of Zip Code

https://www.instagram.com/p/C30nfyOR1SX/

One Reason to Job Hop - Career Advancement

 One Reason to Job Hop - Career Advancement

Another advantage of job hopping is the opportunity for career advancement. At times, as you climb the company pyramid, you get "dead-ended" and you cannot advance. This happens because those of higher ranking are not ready for retirement, are firmly entrenched and not moving anywhere (up, down or lateral) or lack the flexibility to fulfill their own ambitions. (I will elaborate on this issue in future posts).

Changing jobs can allow you to pursue a higher-level job with more pay, prestigious, responsibility as well as improved career opportunities. It can also grant you opportunities to learn new skills, gain practical experience and expand your responsibilities. Changing jobs can help you advance your career more quickly, especially if there's limited potential for growth in your current role or if you had a late start to your career and are playing "catch-up".

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SPECIAL NOTE: I am now taking on speaking engagements to groups as well as accepting invitations to critique resumes, cover letters and LinkedIn profiles at trade shows, workshops, seminars and various other events. Please contact me via ajbresumes@gmail.com or 415.519.9659 for more details.

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My LI Profile - https://lnkd.in/gshNVy5

www.allan-brown.com

#allanbrown #jobjumping #followme

Evaluating the value of are career choices (monetarily):

  Evaluating the value of are career choices (monetarily):

https://www.instagram.com/reel/DI87EAyJJY2/?utm_source=ig_web_copy_link

Instagram - New AI-powered Job Search Function

Instagram - New AI-powered Job Search Function

https://www.instagram.com/p/DLC9qRVMqCh/

Instagram - Networking

 Instagram - Networking

 https://www.instagram.com/allanbrownresume/reel/DGriN_eRKAe/