Job hunting is an exciting time. There are, uh, minimal challenges with dry eyes, and — well, the constant destruction of one’s self-worth highlights how important having it is, right?
OK, great pep talk. Now get out there and submit some cover letters!
If you’ve pursued white-collar work lately, there’s a good reason why your head’s always looking for a good wall to smack itself against: The market is brutal, per The Wall Street Journal.
Remember the friendly post-pandemic hiring market?
That’s been pretty well-obliterated in many industries, including real estate, finance, and tech. It’s a simple case of supply and demand:
- Supply is down: US job postings have dropped by ~500k since 2022.
- Demand is up: The market’s flooded with experienced candidates following two layoff-packed years — tech firms alone have shed ~363k roles since last year.
The result?
Competition. So much competition. AT&T, for one, said its applicants per posting have nearly doubled YoY.
Employers are realizing they once again get to be picky as hell.
- Companies are taking longer to make their picks, per WSJ, with hiring now averaging 11 weeks, up from seven weeks in 2021.
- That’s taking its toll on candidates, who’ve seen the norm increase from one or two interview rounds to an average of three to four.
In other words, if it isn’t going great for you out there, it isn’t necessarily on you.
By the way…
The WSJ highlighted an applicant who completed nine rounds of interviews only to have the company ghost her.
Prospective employers, need a quick etiquette refresher? We pulled together this handy guide:
- Candidate completes one interview: Not OK to ghost.
- Candidate completes two or more rounds: Not OK to ghost.
That’s it. Hope this helps.
