Even as the U.S. unemployment rate sits at historic lows, the job cuts of the past year continue to reverberate.
was up 35% year on year, meaning job applicants are applying for more jobs, thus creating more competition for a given role.LinkedIn’s short tenure rate, which measures the number of positions that end after being held for less than a year, has declined 5.5%in confidence American workers have in getting and keeping a job.
While there have been sporadic signs of a pickup in hiring recently, the year started off with a virtual hiring freeze that has largely continued, she said. "The thought process is, 'Are we in a recession?' So companies are being far more cautious," he said."So they may not be moving forward with certain projects, or putting them to the side, and instead maxing out production from their current staff."
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