Career Talk: Learn - Grow - Thrive

Have The Rules Changed? Market Insights and Misc Job Searching Tips

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Market insights

Unemployment:

  • April 2020 - 14.7%
  • May 2020 - 13.3%
  • June 2020 - 11.1%
  • 2008-2009 - unemployment peaked at roughly 10%

    • All data courtesy of BLS.gov

    Separations:

    • 2008-2009 - Roughly 3.5%
    • March 2020 - 9.7%
    • April 2020 - 7.5%

      • Number of unemployed persons per job opening:

      • April 2020 - 4.6
      • 2008-2009 - 1.9-6.4

        • Other things to consider:

        • CARES act additional unemployment is expiring EOM July 2020
        • Looking at 2nd wave of COVID-19 cases
        • Will small businesses be able to make up the losses?
        • We very very quickly moved from a candidate market to an employer market 

          • Tips:

          • If you get a enough of a notice for your lay off / furlough, try to pre-pay as many bills as possible
          • Check out facebook groups for your particular area of expertise

            • Link to the cover letter episode:

            https://anchor.fm/careertalk/episodes/Lets-Talk-Cover-Letters-How-to-Write-A-Cover-Letter--What-To-Include--Etc-e3i7r8

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            Career Talk: Learn - Grow - ThriveBy Stephanie Dennis
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