Posted 2/2/2024, 6:35:00 PM
Hiring Slows Despite Low Unemployment as Employers Grow Cautious and Job Seekers Frustrated
- Employers are taking longer to hire and posting fewer jobs despite low unemployment
- The average time to hire has climbed to 44.5 days, the slowest pace in a decade
- Employers are concerned about the economy and want signs of lower inflation before ramping up hiring
- Job seekers are experiencing more interviews and applying to hundreds of jobs without offers
- Workers feel "stuck" and "disenchanted" during lengthy interview processes with little response