With unemployment holding at a four-year low of 7.5 percent and the national economic outlook improving modestly according to the Bureau of Labor Statistics, the job market recovery is nonetheless slower than at any time since World War II, a UCLA Anderson Forecast study shows.
The question remains even as the Equal Employment Opportunity Commission attempts to keep closer tabs on hiring practices: How can job seekers make the most effective use of their limited time, money and resources? Ask a long-term job seeker if they feel the economy has improved and skepticism abounds. The unemployed and underemployed point to the record number of Americans who receive public assistance. They speak of the disconcerting impression that some job openings go nowhere: hiring decisions are delayed, the offer from HR that one is assured of after a promising interview fails to materialize or the right candidate remains elusive — as one can only infer when the same job opening is advertised week after week, month after month.
It doesn’t help that the Bureau of Labor Statistics recently reported the greatest plunge in hourly wages on record.