The jobs report showed the economy added 517,000 jobs in January, nearly three times most estimates..
In the three weeks Marcus Greely has been job searching, he’s submitted 39 job applications, had two initial phone calls with potential employers and several informal networking chats. So far, that’s it.
“I’m just throwing as many darts at the board as I can,” the 38-year-old Minneapolis, Minn. resident said. “I know I am going to have to apply for a ton of jobs before I find something.” But the health of the job market is not a “one size fits all” proposition. Job hunters may have to take go on one or two extra interviews as employers take a “more measured” approach to hiring, said Paul McDonald, senior executive director at Robert Half International RHI , the global staffing company geared at white-collar work. “But the jobs are still there, and people are still being hired,” he said.
In the rebound and reshuffle after the pandemic’s darkest days, companies were adding jobs at a fever pitch. After the economy lost 20.5 million jobs in April 2020, employers added quickly workers when the economy opened back up again. In October 2020, it added 719,0000 jobs and in October 2021, it added 781,000 more, according to the Bureau of Labor Statistics.
“It is tough if you’re a talent acquisition professional now,” Greely said. “I’m now competing with the same types of professionals nationwide.”
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