The Hustle Daily Show Why unemployed office workers still can’t find jobs
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Jan 7, 2025 Over 1.6 million unemployed office workers are struggling to find jobs, facing lengthy searches despite a low unemployment rate. The podcast discusses the complexities of the job market and the impact of recent layoffs in tech and media. Insights reveal the growing influence of AI on hiring practices and the notable decline in job postings. Additionally, the merger between Hulu and Fubo is explored, along with Hertz's challenges in marketing their electric vehicle fleet. A shift in career paths towards diverse trades is also highlighted.
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Lengthy Job Searches
- Job searching is taking longer, especially in white-collar industries.
- Over 1.6 million unemployed workers have been searching for over six months.
Job Market Paradox
- Unemployment is down at 4.2%, but finding jobs takes longer.
- Layoffs and reduced hiring contribute to the difficulty.
Impact of AI on Hiring
- AI is impacting hiring, potentially reducing needed employees.
- Industries like law, tech, and media aren't bolstering hiring like in 2020-2021.