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Scripps News

Job seekers struggle to find work despite low unemployment rate

Scripps News · Recent
Scripps News
Scripps News
Recent

It's a hiring slowdown. With nearly 800,000 layoffs in the first half of this year, job seekers are facing difficulties, including lengthy application processes and salary reductions.

Breakdown
  • Layoffs in tech, retail, and government sectors have increased by 80% from last year.
  • One in five job seekers submit over 100 applications before finding work. 24s
  • More than half of surveyed applicants needed to apply to over 50 jobs before being hired. 48s
  • Job seekers are often accepting lower salaries and facing longer hiring processes. 57s
  • Hiring rates are at their slowest since 2014, despite low unemployment. 1m 25s
Employment