The article discusses the alarming rise in long-term unemployment in the U.S., which has reached its highest point in over two years. This trend comes as job growth stagnates and hiring slows due to economic uncertainties and tariffs imposed by President Trump.
Key Points
- 1.7 million Americans have been out of work for six months or longer, indicating a significant growth in long-term unemployment.
- The long-term unemployed now account for nearly 25% of all unemployed workers, a sharp increase from earlier periods.
- Job growth has decreased, with companies hesitant to hire amid rising costs and economic instability.
- New graduates and re-entering workers particularly feel the pinch, struggling to find employment opportunities.
- Long-term unemployment can lead to career stagnation and potential stigma for job seekers.
Why should I read this?
If you’re on the job hunt or just curious about the current trends shaping the job market, this article is a must-read. It sheds light on the real struggles many job seekers face today, especially those getting back into the workforce. Plus, it gives insights that’ll help you navigate this tricky environment better.