No BS Career Advice: December 8, 2024
Jeff Altman, MSW, CCTC
People Hire Me for No BS Job Search Coaching and Career Advice Globally Because I Make Job Search and Succeeding in Your New Job Easier | 5x LinkedIn Top Voice | Former Recruiter | JobSearch.Community
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Maybe LinkedIn was trying to be encouraging when they shared that the jobs report for November was positive. When compared to the October report which was only +36000, this month's was +227000—big difference.
Then, when you read the eport, the US Bureau of Labor Statistics is not upbeat.
"Both the unemployment rate, at 4.2 percent, and the number of unemployed people, at 7.1 million, changed little in November. These measures are higher than a year earlier, when the jobless rate was 3.7 percent, and the number of unemployed people was 6.3 million. (See table A-1.) Among the major worker groups, the unemployment rate for Blacks (6.4 percent) edged up in November. The jobless rates for adult men (3.9 percent), adult women (3.9 percent), teenagers (13.2 percent), Whites (3.8 percent), Asians (3.8 percent), and Hispanics (5.3 percent) showed little or no change over the month.
The number of long-term unemployed (those jobless for 27 weeks or more) was little changed at 1.7 million in November. This measure is up from 1.2 million a year earlier. In November, the long-term unemployed accounted for 23.2 percent of all unemployed people.
The labor force participation rate, at 62.5 percent, changed little in November and has remained in a narrow range of 62.5 percent to 62.7 percent since December 2023. The employment-population ratio, at 59.8 percent, also changed little over the month but is down by 0.6 percentage points over the year.
The number of people employed part-time for economic reasons changed little at 4.5 million in November. This measure is up from 4.0 million a year earlier. These individuals would have preferred full-time employment but were working part-time because their hours had been reduced or they were unable to find full-time jobs.
The number of people not in the labor force who currently want a job, at 5.5 million, changed little in November. These individuals were not counted as unemployed because they were not actively looking for work during the 4 weeks preceding the survey or were unavailable to take a job.
Among those not in the labor force who wanted a job, the number of people marginally attached to the labor force, at 1.6 million, was unchanged in November. These individuals wanted and were available for work and had looked for a job sometime in the prior 12 months but had not looked for work in the 4 weeks preceding the survey. The number of discouraged workers, a subset of the marginally attached who believed that no jobs were available for them, changed little at 396,000 in November."
I will say is I am hearing from people that it feels a bit better in the job market. Maybe it is because I am working with people whom I encourage to do networking during the holidays and I am hearing they are getting interviews and invited back.
Whatever the reason, get out of the house and re-connect/network with people from your past.
Last week, I made an offer on LinkedIn that I will now share here. If you are struggling in your job search, if you are feeling shame, frustration or disappointment, if you aren;t getting results, schedule a free discovery call with me at www.TheBigGameHunter.us/schedule It's 20 minutes. I'll listen to you rage, complain, cry, ask for help, whatever you need. I will take meetings this week only. My wife is having serious surgery next week and I will be helping her while in the hospital and when she comes home.
So I am willing to help you this week. Don't be shy.
Among the articles I shared this week were:
For No BS Job Search Advice Radio, I released two new episodes on Spotify, Apple Podcasts and other sites:
I've been releasing older shows on YouTube including:
I saw some content from others I wanted to share with you:
35 Resume Filenames Recruiters Won’t Respond To Jacob Share
Remember: Take me up on my offer of a free 20 minute discovery call about your job search at www.TheBigGameHunter.us/schedule
Jeff Altman
The Big Game Hunter
People Hire Me for No BS Job Search Coaching and Career Advice Globally Because I Make Job Search and Succeeding in Your New Job Easier | 5x LinkedIn Top Voice | Former Recruiter | JobSearch.Community
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