Why the ‘Hot’ Job Market Doesn’t Seem So Hot

Tell me if this is you: You study hard and acquire bachelor’s or master’s degrees; your resume is stellar and your skills match requirements of a firm’s job posting; you apply online for this job and—nothing happens; this scenario is repeated 50+ times in your job search. Furthermore, you know this never happened to you before online applying.

What’s Wrong Here?

According to the Bureau of Labor Statistics, in April, 2019 the U.S. unemployment rate was 3.6%. Sounds low, right? For statistics to have worth, they must compare like-entities. The CEO of FirstEnergy of Akron, Ohio—a major national energy provider, was compensated$9,858,109 for fiscal, 2018, according to salary.com. That’s $4,739.47/hr., based on a forty-hour work week. Food preparation/serving workers, on-the-other-hand, brought in a mean wage of $21,230 in 2018, or $10.21/hr., according to Forbes.com. Both are employed and in that sense, are equal, according to the bureau. The Bureau of Labor Statistics was founded in June, 1884. Since then, no effort has been made to clarify the statistics gathered in relation to earnings regarding the national unemployment rate. To the bureau, the national unemployment rate is independent of job earnings–period. In short, what is sold as a ‘hot’ market is totally relevant to the particular job/location and you won’t get this from the official, national unemployment rate.

Turning Your Career Around

The national unemployment rate is most important for politicians seeking reelection or trying to become elected. Those seeking reelection stress the statistic when it is low; those seeking to oust the elected stress the statistic when it is high, but for the worker, the rate is irrelevant because it does not bear any direct relation to their specific issues. The national unemployment rate compares apples to oranges as indicted in the earlier example. Knowing the facts regarding job searching is fundamental to job-search success. To do this one must divorce themselves from the national unemployment rate and be more concerned with the immediate environment where they live or seek to live and that varies greatly.

Dealing with Online Job Applications

The vast majority of jobs online are not active jobs; they are ‘fishing lures’ dropped in the employment waters by companies wishing to be ready should one of their own get up and leave and/or often the job has already been filled and the job posting is left online in case the new-hire doesn’t work out. That’s right—you often apply for job openings long-ago filled or aren’t even open.

A job seeker must value their time by recognizing this fact and studying the trends online; specifically, an applicant should note details such as: date the job was initially posted. You time is your most valuable asset—apply only to openings 1 week or less in length to cut your time lost and be regular in your search. If you schedule your screening time and keep to jobs posted the past week, you’ll greatly reduce the redundant viewing of old posts and therefore be respecting your valuable time. Often, to apply takes 30-45 minutes. This is fine if the job is immediate and real, but an old posting is near always one ignored by the firm posting it for reasons previously mentioned.

Know Why Employers Use Online

Remember, corporate positions today normally have you upload your CV and then demand you type it all in again. This trick is for their AI software that needs exacting data for parameters used by HR when cutting down the volume of incoming resumes—like a lumberjack cutting down acres of trees, often by the hundreds—or thousands. In this employment mess, your resume you spent 45 minutes applying for in today’s world is more often-than-not never seen by any human–and never will be. Again, remember—if you find a job posting that make you type in all of your resume information it’s near-guaranteed a computer is lurking in the cyber-dark, waiting to hack-and-slash its way through the endless fields of resumes blooming on their site like fungus to them.

Time Management is the Key

In the end, be careful of your time management; be wary of job postings beyond a week and pace yourself per day when applying. Find a job search site or two that matches your needs if you search online. Going beyond two search engines is often little more than redundant information consuming your time and patience. If applying at a corporate web site, know their job post is free to them and time is alwayson their side. Know this as well—jobs are often filled not with strangers found online, but by recommendations. That’s right—when you apply online, you are typically applying at the least favorite place of all the hiring company’s choices. To a company, the uncertainty of hiring online is little more than taking bad medicine and among the few advantages of online to HR is the ability to categorize, screen and delete incoming resumes—without ever knowing they exist.

 

For the job seeker, the job market is never ‘hot’ and the unemployment rate is always high—for the employer the unemployment rate is always low. There are exceptions, but in most cases, it’s an employer’s market, not an employee’s market, for the simple fact that the employer alwaysmakes the final decision and the least-favorite place of all for an employer to hire from is online. Knowing these facts will serve the job seeker well.

 

Read more related present and future career articles at http://illustrationrep.com

 

 

 

 

 

 

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