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Unemployed Office Workers Are Having a Harder Time Finding New Jobs
More than 1.6 million Americans have been jobless for at least six months, up 50% since late 2022, despite the economy adding over two million jobs last year, Labor Department data shows. The average job search now takes six months, primarily affecting high-paying sectors like tech, law, and media...
More than 1.6 million Americans have been jobless for at least six months, up 50% since late 2022, despite the economy adding over two million jobs last year, Labor Department data shows.The average job search now takes six months, primarily affecting high-paying sectors like tech, law, and media. Software development, data science, and marketing roles are 20% below pre-pandemic levels, while healthcare and government sectors account for half of recent job creation. The number of Americans receiving unemployment benefits reached 1.8 million in late December, approaching post-pandemic highs, as wage growth declined to 4% from 6% during the early 2020s hiring peak.
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