Jobs Still Available But Competition Rising for Young Job Seekers
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Unemployment is still low at 3.7%, but the job market has cooled since reaching record lows of 3.4% in 2022. This makes entry-level jobs more competitive.
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Tech layoffs are contributing to increased competition, with over 34,000 tech workers laid off. However, other industries want to hire these skilled workers.
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Younger generations like Gen Z want more fulfilling, flexible jobs like being an influencer. This makes them less willing to take traditional jobs.
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The article profiles Lohanny Santos, a educated 26-year-old struggling to find even a minimum wage job despite speaking 3 languages.
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Santos has over 160k TikTok followers and hopes to become an influencer, but needs a job in the meantime to pay the bills.