Posted 4/2/2024, 7:22:00 PM
Entry-Level Worker Confidence Plummets to 7-Year Low Amid Layoffs and Depressed Job Market
- Entry-level worker confidence is at its lowest since 2016 due to a depressed hiring market and low turnover
- Layoffs across industries are causing anxiety and lowering morale, even for unaffected workers
- January 2023 saw the highest number of job cuts since January 2009
- Job listings are down 15% year-over-year as of late 2023
- If hiring picks up, it could help workers move up the career ladder again