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The Pongo Blog

General Consensus: Job Market's Still Tough

August 30, 2010 (12:01PM) by Rick Saia, CPRW

If you're looking for a job today, don't expect one to magically fall into your lap tomorrow.

The government pretty much confirmed that on Friday when it said the U.S. economy grew at a lackluster 1.6 percent annual rate from April through June, less than each of the previous two calendar quarters.

Economists believe that growth rate is too weak to spur businesses to start hiring again.

So, what to make of this?

Businesses are adding jobs, just not as many as they would like. Various private studies say the job growth we've been seeing this year will continue, but not enough to make a substantial dent in the current 9.5 percent national unemployment rate. Businesses first want to be sure that they're on more solid financial footing before they add to their payrolls.

"There is no doubt that the job market has a long way to go before it fully recovers," says John A. Challenger, CEO of global outplacement consultancy Challenger, Gray & Christmas. "While the unemployment rate remains … high and the decline is not occurring fast enough for most, it … appears to be heading in the right direction."

Keep on looking, and keep doing your homework. There are still many candidates chasing whatever relatively few job openings are out there. That means you need to customize each resume you send to match the job requirements and what the employer is looking for. You also need to research the company and demonstrate in your resumes, cover letters, and interviews how your skills and background are a strong fit for the job.

Don't stop looking until you agree to a job offer. I've seen it happen before: You're interviewed, things look good, and an offer is pending. Then nothing happens, or they choose someone else. Just as a baseball game isn't over until the final out, your job search isn't over until you and the employer sign a job offer and agree to a starting date. Until that happens, always have a Plan B in mind.

Are you seeing positive or negative signs in the job market? Give us your opinion.

RELATED LINKS

What's Your Job Search Strategy?
5 Rules for Building a Great Resume
Hiring Managers Look for Related Experience First

Bookmark and Share | Job Seeker Tips | Archives

Comments (2)

Encouraging post! Job seekers and career changers from all over can appreciate these simple tips. It truly is heartbreaking when you see someone doing their best yet being stretched out for more than 12 months of waiting!

It's important to not lose hope and to never stop till you get that job that you want...just recognize that if what you are dealing with is your dream job, then expect the search to take a little longer, and anticipate the sometimes nasty turns that can come your way...and make the most out of every opportunity!

Karen, The Resume Chick (on Google or Twitter for questions, comments or violent reactions)

Posted by: Karen F. | August 31, 2010 at 10:27 AM | Quote This Comment

@ Karen -- Thanks for dropping by! Today's job search can be more of a marathon than a 5K road race. That's why those who are looking - whether employed or not - need to gird themselves for the long haul.

Posted by: Rick Saia, CPRW | September 01, 2010 at 3:55 PM | Quote This Comment

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