Reminder: On Thursday Evening 1/12, Resume Webinar-Beating Job Search Ageism, starting 7pmET/4pmPT
Phil Rosenberg
Free Resume/Search Webinar: Register@ x.resumewebinar.com/Registration , I help you solve your toughest job search challenges, cutting 50K+ job searches in half. LinkedIn's most connected Career Coach (30K+ 40M).
Both new unemployment claims decreased over the last week slightly amid employment market confusion at the beginning of 2023. But even higher unemployment numbers are the smallest part of this year's job market story.?There are much bigger drivers today ...
1) The Great Resignation continues to cause massive competition and job shortages for career/management/ executive positions. Quits remained high, at the same pace as the 90M-110M+ job seekers expected to change last year. But these high number of job seekers compete for 10.5M advertised jobs, or 10+ competitors for each job - These are job shortages (while government numbers only compare unemployed workers to available jobs).
For the senior staff, management, and executive jobs you're seeking, increasing levels of job competition make it tougher for you to get interviews, advance and find your next job fast.
2) Additional leading indicators of a recession continue to flash red, warning of hiring slowdowns. Yesterday, former Fed Chairman Alan Greenspan called a 2023 recession "the most likely outcome" of current inflation and rate hikes.
3)?Layoffs by large?employers?cut December new jobs 40%.?The September - December new headcounts began to weaken to some of the lowest levels this year (Note: December new headcounts are typically one of the highest months for new headcounts, due to seasonal holiday hiring). 3rd quarter GDP returned to positive but slow, with international trade strong, but domestic trade continuing to show weakness. Companies are still hiring despite increasing high-profile layoffs and hiring slowdowns, and countless leading indicators forecasting recession.
Continued hiring makes it more confusing for job seekers trying to anticipate job market trends. At the same time, current hiring numbers give candidates a little more time to find a?safer job/company to prepare for a recession, before hiring freezes and layoffs become more commonplace.
Most important, this uncertainty makes it more difficult to find a new job for job seekers in their 40's, 50's, and 60's, but not impossible. The key to overcoming these challenges lie in making the right changes to your resume/interview/job search strategies.
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Job seekers (especially those over 40) need to prepare now, by accelerating your job search to land a new job ASAP. If your current boss doesn't love you, you're at risk, because you're expensive. If you're currently in a project position, rather than a line position, you're at risk. If your job isn't critical for your company to sell, produce, or deliver products/services, you're at risk. If you had a below average or average annual review you're at risk (even if you didn't deserve that unfavorable review), no matter how long you've been with your employer.?If you're in HR or recruiting, you'll be at risk. If your company is facing financial challenges, high costs, needs to sell/merge or secure?VC/IPO funding to grow, you'll be at risk.
(The worker shortages you've heard about are primarily concentrated in these types of jobs: restaurant/bar, low wage hourly, frontline manufacturing production, truck drivers, doctors and nurses. But those aren't the jobs you want, are they?)
For the career/management/executive jobs you are searching for, now that currently employed candidates are flooding the job market, increasing levels of job competition require you to do more to get interviews, advance and find your next job fast when you're over 40, 50, or 60.
During my next complimentary webinar, I'll show you the best ways to beat job search ageism, avoid the biggest age 40, 50 and 60 job seekers mistakes, to avoid employment age discrimination and find a great job fast. These strategies are designed to accelerate your job search whether you're currently employed or in career transition, changing careers/industry/location, searching for remote jobs, have long term gaps or have other challenging job search problems.
Free Resume/Search Webinar: Register@ x.resumewebinar.com/Registration , I help you solve your toughest job search challenges, cutting 50K+ job searches in half. LinkedIn's most connected Career Coach (30K+ 40M).
1 年Tired of losing jobs because you’re in your 40s, 50s, or 60s? ?????? I’ll show you how to beat job search ageism during my free Resume Webinar Resume Webinar Beating Ageism: Thursday 1/12, 7pmET/4pmPT Register at https://x.resumewebinar.com/register