Tips for Work and Life with Andrew LaCivita Is the Job Market Really Bad Right Now?
Mar 28, 2025
The podcast dives into the current job market, debunking myths fueled by alarming headlines. It emphasizes that the situation is fairly average, supported by solid data. Andrew discusses unemployment numbers, highlighting that layoffs are below historical averages. He outlines sector-specific trends, particularly noting growth in healthcare and finance. For job seekers, he offers pragmatic tips on interview prep and skill retooling, while encouraging a positive mindset to view challenges as growth opportunities.
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Market Is More Normal Than Headlines
- The employment market is essentially average right now, not a catastrophic collapse.
- Macro data like openings, unemployment rate, and layoffs show normal historical patterns.
Public Job Postings Understate Openings
- Publicized job postings (~7.7M) represent about 20% of all openings, implying roughly 38.5M total openings.
- That contrasts with ~7.1M unemployed, showing substantial available roles versus jobseekers.
Layoffs Are Below Historical Average
- Monthly layoffs (~1.6M) are actually below historical averages of 1.9–2.0M per month.
- Current layoffs sit near mid-to-low historical levels, not an unprecedented spike.