Get Hired with Andrew Seaman What to Know About Getting Hired in Today’s Labor Market
Sep 19, 2024
Karin Kimbrough, LinkedIn's chief economist, dives into the latest labor market trends, revealing a shift in job application intensity, especially in Europe. She highlights a surge in job searches across sectors like financial services and healthcare, along with baby boomers seeking new opportunities. Karin shares strategic advice for job seekers, emphasizing the importance of a targeted approach and flexibility, while also underlining the growing value of basic AI skills to catch employers' attention.
AI Snips
Chapters
Transcript
Episode notes
Labor Market Slowdown
- The labor market is cooling, especially since May, across various sectors and geographic locations.
- While not yet a recession, the slowdown is noticeable and job seekers should be prepared for increased competition.
Increased Job Search Intensity
- Job search intensity, measured by the average number of applications per job seeker, has increased.
- This increase indicates that job seekers are applying to more positions due to increased competition.
Europe vs. US Job Search
- European job search intensity increased by 8% compared to 4% in the US and South America.
- This difference reflects Europe's more sluggish economy and the resulting wider job search by candidates.