Are you thinking about searching for a new job? Or are you already actively looking for your next role? If so, now’s a great time to be on the hunt! Whether you’re fresh out of college or looking for the next step in your career, here’s what you need to know about today’s job market.
You have plenty of options to choose from
It’s a candidate’s market. You have plenty of options to choose from. In fact, according to the last JOLTS Report from the BLS, there are currently 7.5 million job openings. Pair that with a near 50-year low unemployment rate (3.6 percent) and you are in an ideal environment for your job hunt.
In this market, you don’t have to worry about a lack of job opportunities. Additionally, March was the 13th consecutive month of available jobs outnumbering the number of unemployed people who are actively searching. So, as a candidate, now is a great time to find an opportunity that’s right for you. You have the ability to take your time and be picky.
Your market value is strong
Your market value is robust (and will keep going up!). With more jobs than available workers to fill them, many employers are in desperate need of qualified candidates. Thus, a lot of hiring managers are willing to sacrifice certain skill sets or experiences because they need talent now. Thus, if you don’t have all the hard skills or background to do the job, you may be considered if you have the right attitude and soft skills to learn.
With such a tight market, you, as a candidate, may even see yourself with stronger compensation packages than you were expecting. Employers need good talent. And they need them immediately. You may be able to get a nice pay bump or better benefits by transitioning to a new employer. To illustrate, over the last 12 months, average hourly wages have increased by 3.2 percent, or $0.88 an hour.
Recruiters are here to help
In this competitive market, the best candidates are often the ones that are still employed. If a recruiter, like one from Johnson Search Group, reaches out to you about a new opportunity, hear them out. A recruiter will be your biggest advocate and help you tackle the hiring process. If find yourself searching for a new job, reach out to one of our recruiters today and let’s see if we can help you find your next opportunity!