Jeanne Whalen
speaker
58 appearances
1 recordings
1 series
first heard Jul 2024
last heard Jul 2024
Jeanne Whalen’s voice in public audio — every appearance, attributed to the second.
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Appearances
We've seen the number of open jobs for each unemployed person come back down to pre-pandemic levels.
So it's about 1.2 open jobs per unemployed person now versus two during the peak of the red-hot job market during COVID.
So the kind of crazy job market that many workers were benefiting from for several years there after COVID began has now come to an end.
We are not related.
We have the best, best last name on the planet, but we are not related.
So we've seen the unemployment rate ticking up slowly month to month to about 4.1% last month.
And that's up from 3.4% early last year.
We've seen the hiring rate falling below where it was before COVID.
So it had soared significantly.
During the pandemic, but it's now come back to earth and is about where it was before COVID.
And we've seen the number of open jobs for each unemployed person come back down to pre-pandemic levels as well.
So it's about 1.2 open jobs per unemployed person now versus before.
to during the peak of the red hot job market during COVID.
So several measures have come down and shown that the kind of crazy job market that many workers were benefiting from for several years there after COVID began has now come to an end.
I spoke particularly with white-collar workers, and quite a few of them were saying that they're having a tough time.
Now, of course, I was speaking to job seekers, and so they are naturally without a job and looking for one.
So that's always going to be probably a frustrating experience.
Some of them were saying it's taking longer this time around than it has in years past to find something new.
People in the human resources profession seem particularly frustrated.
Many of them had really great job prospects starting around 2021, 2022, because a lot of companies were snapping up HR people so that those HR people could then...
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