Job Market Expected to Improve As the Year Goes On

The US job markets appear to be cooling, with employers cutting back on hiring and jobseekers having a tough time landing a position in many cases, according to the latest reports.

Layoffs are comparatively low compared to years like 2007 and 2021, so it's not that the economy is suffering,

Corporate Connections LLC CEO Brenda Siri says she has a friend who, over the past two months, has been sending out resumes -- 186 of them, and only 7% of those applications resulted in job interviews, and none of them resulted in getting work.

"It's a very difficult market right now," she says. "I think the job market has been pretty tough since the pandemic.

"In 2020 you had companies who just immediately laid people off because they were unsure of the future and what the pandemic meant.

"Those who were lucky enough to retain their jobs have stayed in them and maybe even have stayed in them to they point where they may be happy but they know how tough the job market is, and that reduces the number of available jobs out there for people to apply to."

Still, there's plenty of hope with the advent of a new President in the Oval Office.

As a professor at the University of Texas at Dallas, she says she's told her students who are alarmed at a lack of available jobs on the market to keep an eye on how things are going since the election.

"Trump winning made everybody think, Okay, the economy's great, you had really good hiring numbers in December, but January came along and things have slowed down and in my viewpoint, this is a sort of honeymoon period where everybody's now kind of slowing down on hiring," the Corporate Connections CEO tell iHeartRadio.

"They want to see if the President does all the things he says he's going to do, so people are kind of sitting back and waiting, but I think you will see hiring increase again in the second and third quarters."

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