DiscoverCareer Talk: Learn - Grow - ThriveHave The Rules Changed? Market Insights and Misc Job Searching Tips
Have The Rules Changed? Market Insights and Misc Job Searching Tips

Have The Rules Changed? Market Insights and Misc Job Searching Tips

Update: 2020-07-16
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Market insights


Unemployment:



  • April 2020 - 14.7%

  • May 2020 - 13.3%

  • June 2020 - 11.1%

  • 2008-2009 - unemployment peaked at roughly 10%


All data courtesy of BLS.gov


Separations:



  • 2008-2009 - Roughly 3.5%

  • March 2020 - 9.7%

  • April 2020 - 7.5%


Number of unemployed persons per job opening:



  • April 2020 - 4.6

  • 2008-2009 - 1.9-6.4


Other things to consider:



  • CARES act additional unemployment is expiring EOM July 2020

  • Looking at 2nd wave of COVID-19 cases

  • Will small businesses be able to make up the losses?

  • We very very quickly moved from a candidate market to an employer market 


Tips:



  • If you get a enough of a notice for your lay off / furlough, try to pre-pay as many bills as possible

  • Check out facebook groups for your particular area of expertise



Link to the cover letter episode:


https://anchor.fm/careertalk/episodes/Lets-Talk-Cover-Letters-How-to-Write-A-Cover-Letter--What-To-Include--Etc-e3i7r8


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Have The Rules Changed? Market Insights and Misc Job Searching Tips

Have The Rules Changed? Market Insights and Misc Job Searching Tips

Stephanie Dennis