Career experts advise younger workers to have an open mind while entry-level hiring is stalling.
According to a LinkedIn survey released on Monday, hiring for entry-level roles in the United States was down 32% on the year in April for jobs requiring a college degree and down 22% for occupations not requiring a college degree.
across April, hiring slowed down across all sectors. In April, it decreased 29% from the previous year and decreased 0.1% from March. According to LinkedIn, the labor market will become even more competitive in a number of sectors, including manufacturing, hospitals and healthcare, and retail, in the first half of 2023.
Despite this downward tendency, there are more remote and hybrid employment chances for entry-level employees: in the first two months of 2023, 12.3% of entry-level job posts were either remote or hybrid, up from 9.6% for the same period in the previous year.
In April, entry-level hiring increased by 25.6% compared to the same month last year for positions including product manager, product owner, and product development specialist. The jobs with the highest growth rates (20%) for persons without a bachelor's degree were in consulting, marketing, and research.
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In recent months, layoffs and hiring freezes have been reported in the tech, media, and finance sectors. However, according to Andrew McCaskill, a career expert on LinkedIn, many of these layoffs followed a period of significant hiring during the pandemic. Things are simply transitioning from a "boil" to a "cool," he observed.
McCaskill said that many of those industries are still taking on fresh graduates. Young graduates are frequently less expensive to hire than more seasoned workers, according to industry observers, but many businesses are also willing to train them, especially in sectors where finding qualified candidates is difficult.
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According to a second survey published earlier this month by CompTIA's Tech Jobs survey, tech-sector enterprises increased personnel by 18,795 positions in April, the biggest monthly hiring volume since August 2022.
In spite of a wave of layoffs from Silicon Valley firms including Google (GOOGL)(GOOGL), Salesforce Inc. (CRM), Facebook parent Meta Platforms Inc. (META), and Microsoft Corp. (MSFT), among others, employers reported more than 300,000 job advertisements for IT roles in April.
In addition, career gurus advise networking with college alums if you're a recent graduate, customizing your resume for each position, and doing extensive research on each organization you're looking to work for. Finally, be curious and ask questions when you attend any interview.
Additionally, younger employees need to keep an open mind. Younger workers looking for employment must be adaptable and emphasize how their abilities complement the position they want, according to McCaskill. McCaskill stated that it's simple to become fixated on locating the ideal position.
The majority of employment are "vehicles, not destinations," he continued. Consider the talents you'll learn from each opportunity and how you might use those abilities and experience to your next opportunity.
Zoe Han
This material was produced by MarketWatch, a division of Dow Jones & Co. The Wall Street Journal and Dow Jones Newswires have no influence on MarketWatch's publication.
(END) 05-22-23 2203 ET Dow Jones Newswires
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