Job Seekers Face Uphill Battle Despite Strong Economy as Hiring Slows and Competition Stiffens

Job seekers like Kyle Clark are struggling to find work despite strong job growth numbers, sending out hundreds of applications with little success.

Hiring is slowing as companies grow wary of hiring amid high interest rates, rising wages, and economic uncertainty.

Job postings and new hires dropped in January while layoffs remain low for now, but increases may be coming.

Workers feel less confident in job security with major companies announcing layoffs, making even employed people anxious.

Strong job candidates face more competition for fewer openings, sometimes applying for 200+ jobs over months to land a role.