How fucked is the job market right now?
There have been hundreds of thousands of white collar workers that have been laid off in a short period of time while firms are freezing hiring or scaling back on hiring. I often see apps on LinkedIn with over 1k applications. I kind of want to leave my current firm but am not getting traction. Can't get interviews or even HR screens (trying to leave finance).
It's tricky in most key industries. A good chunk of my network is currently unemployed (would estimate 20%?). The highest number since I started working. It still looks good in some areas of tech, healthcare, research & development, battery/chemistry, and some municipal jobs/admin type.
It surely looks bad in finance and general tech.
Since you are willing to leave finance you might get lucky in an industry with more demand.
I think eFinancialCareers had some survey, they showed numbers for London and they had something like 30K applicants against 9K jobs in finance?! crazy times...
And it's only getting to get worse - see Lazard 10% cut + MS announcement of an additional 3k employees being cut soon.
I think things will look a bit better in terms of openings come June - September
Wasn't the Fed indicating that inflation in the labor market is sticky and still pretty high? Very nervous about what the job market will look like when inflation cools if this is the case
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