Job Hunts Are Getting Longer Amid Decreased Hiring

Amid dwindling job opportunities and reduced hiring, unemployed Americans are experiencing prolonged job searches. Federal data reveals over 1.8 million individuals have been jobless for at least 27 weeks, marking the longest period since 2017 outside the pandemic. The average job hunt now extends beyond 10 weeks, up from 9.5 weeks a year ago, despite a 4.2% unemployment rate. Economists note that fewer individuals are actively seeking work, skewing the jobless rate’s perception. While layoffs are minimal, the rise in long-term unemployment suggests a cautious approach by employers. Job-seekers are encountering lower-paying roles or having to accept positions below their skill level. (Newser)