The Job Market Is Rough, So Why Is Unemployment Down?

November 15th, 2023· 10K views· 0:34
T
The Hustle

Get the 5-minute newsletter keeping 2M+ innovators in the loop: https://thehustle.co/ Getting a job feels harder than ever. Per the Wall Street Journal: - Hiring dipped sharply last month — US employers added about half as many jobs in October as they did in September. - Layoffs have been a constant this year (~250k people have been let go in the tech sector alone in 2023). - In the middle of all this, the unemployment rate sits at a historically positive number: 3.9%. How you feel about the job market probably depends on the industry you're in. Some fields — like health care and banking — are still seeing major labor shortages, while others — like retail and construction — have normalized, per USA Today. To real more about the state of the job market, visit: https://clickhubspot.com/ymg