Even if you have an education, degree, training, experience, interns, will it always be hard? My dad is 58, and said hes seen the job market tuff twice in this life. 70’s, 80’s, then now. My cousin quits one job and finds another in like a week. But then I hear people out of work for years.
My cousin and mom said the secret is to work hard, and take whatever. As in put “any time available.” and “any pay”
Is this true? Will the job market ever recover?
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Will The America Job Market Ever Recover, Or Is It Going To Be Worse As Time Goes On? Even With Education.?
Posted on January 31, 2013.
It goes up and down, and it really depends on which job market is YOUR job market. The job market for 18th century lit majors is very limited, but if you are good, work hard and take whatever, you’ll be fine.
I think “taking whatever” is a good point. If you bury yourself at home, you won’t be out making contacts. But if you take the best job available to you at the time, you’ll be making contacts, seeing people, polishing your skills and looking better on a resume.
It also helps to have social smarts, and know how to get a job and what it takes to keep a job.
There are always jobs out there — the trick is being the best person for the job.
Well, ‘ever’ is a long time, so of course it will sometime before ‘ever’ but probably not any time soon. Of course I can’t speak for your personal family and their personal experience and I’m sure they’re trying to be encouraging, but this is economics and facts are facts. The only bright thing is a ‘demographic population bomb’ starting 4 years from now (2017) and peaking year (2024) that may fix the situation.
The US is now entering the 6th year of the 2nd highest unemployment in history since the Great Depression of the 1930’s. As your Dad said unemployment was high in the the recessions of 1974-1976 and that of 1982-1985 but those were shorter (3 years and 4 years) where this time we’re entering year 6 (with 2013)….and this time unemployment is higher than then too. The unemployment rate currently hovers between 8-9% but as I think everyone knows by now the ‘rate’ is only designed to measure people recently unemployed not those unemployed from past years…so actual US unemployment now is between 15%-20% higher than in either the 1970’s or 1980’s recessions.
In the recession 2008-2009 the recession threw about 13 million working people from their jobs and in the very weak recovery phase 2010,2011,2012 only created about 4 million jobs….That leaves 9 million out, not counting the people already unemployed before then, and new young people like yourself who enter the work force (or try to) and need jobs at the rate of 1 million/ year……so that’s about 20 million unemployed out of a work force of about 140 million…putting unemployment at about 16% for 6 years in a row….. worse than the 1970’s/1980’s and worst since the Great Depression.
After this recession the government did not spend to stimulate the economy to allow business to hire or to create jobs so employment has never recovered from the 2008/2009 recession…..
Worse…..it was just announced yesterday that the US economy actually shrunk in the 4th quarter of 2012, if it shrinks this 1st quarter of 2013 too (Jan, Feb, March) we will be technically in another recession and real unemployment may be 25% by end 2013 with a unemployment rate of about 12% worse than 2008/2009.
* On the bright side all those born between 1940-1959 will be forced out of their jobs by age and death between 2017-2024 freeing up 30% of all the jobs in the economy for younger generations…So you ‘can’ expect America’s terrible unemployment to end about 2020 by ‘demographics’ after a 13 year recession/depression 2008-2020…and after year 2030 America should actually have a labor shortage due to it’s aging/ dying population….of course that’s 17 years away.
P.S. of course there’s always job openings….but the US currently creates only 1 million jobs each year for the 20 million who need them now and for the last 6 years, making odds of getting one overall 1 in 20….and that doesn’t change each year and is now getting worse.