What the Low Unemployment Rate Means for You
Low unemployment means it is a job seeker’s market, and for the past year the unemployment rate in the United States has been under 4%.
What does this mean for you? If you are a job seeker, it means there are more possibilities to find a job that you truly enjoy. This is because when more people are employed, there are fewer applicants vying for the same positions.
That said, a tight labor market does not necessarily mean every job seeker will receive more offers. This is because employers may be more careful with their hires as talent retention is more important than ever. Reach out to Staffing Network today to learn more about what types of positions are currently available.
Consider Opportunities In Other Industries
Often, people start a job and believe they will work in that field for their entire career. Then, their lives change. For one reason or another that job is no longer the right fit. When that happens, an individual might be nervous to switch to another industry. Particularly if they feel it is unlikely they will find a new job.
When there is a low unemployment rate, switching to another industry may be a smooth transition. This is because employers are looking for the right person for their teams, and if that individual does not currently have all of the skills necessary, they could be more likely to train that individual when there are fewer candidates to choose from.
Take advantage of the current environment if you are interested in a new field. Share your hopes and passions with a recruiter along with how your past experience could help you to excel in another industry. There are often overlapping skills between industries. A staffing agency can help you identify what qualities you have that can make your transition a success.
Prepare for Extra Interviews During Low Unemployment
Because valuable employees are such an asset in low unemployment environments, it is more common for candidates to interview with more than one person. There could be interviews with your potential supervisor and other current employees. The goal of a business is to find the right fit for an open position. It is important the entire team appreciates the new hire.
There are two reasons businesses invest in company culture. First of all, they want to ensure a job seeker will be a good fit for their business and will plan to stay. Also, it is beneficial for current employees to welcome and appreciate new hires so they will also be remain with the company.
While it is a job seeker’s market, the truth is there is always an opportunity for the right candidate. The important thing is to take action and start connecting with potential employers.
Are you wondering how the low unemployment rate can help you with your job search? Staffing Network is a full-service staffing and recruiting firm that specializes in light/skilled industrial, engineering, and operations professionals. Let our experts help you find the best position for you. Connect with Staffing Network today.