Close to a half a million Americans are losing their jobs since the last quarter of 2008 when the financial crisis hit the U.S. and swept the entire globe. While economists conclude that we have already seen and felt the worst of the recession, and basic economic indicators show that this crisis is bottoming-out; however, the unemployment rate continue to average between 8 to 9 percent every month.
A Shrinking Job Market
Worse, even if the economy normalizes, job opportunities will remain scarce because most companies who downsized during the downturn are not likely hire additional employees in the next few months. Newer technologies, a more competent and lean workforce, and efficient management systems were adopted and given priorities. Thus, hiring additional employees will take a back seat for while.
So, where does this leaves you as a job seeker? The job market is shrinking, and many more are vying for a piece of that small pie. If more people are still losing their jobs, how can you possibly find great job opportunities in recession?
Job Opportunities in Crisis
Understandably, the current economic prognosis is still not good, but there should be no reason to lose hope. I believe that the ancient Chinese traders were right when they say that there are actually “opportunities in crisis” such are there are great job opportunities in recession. In fact, some jobs were created because of this slowdown. The key is finding these job opportunities and grabbing them.
More so, even if more people are joining the ranks of the unemployed, you can still find better paying jobs if you try to find them in the right places. I have learned, as an HR Practitioner, that those who can easily get a job are those who are proactive and persistent. Look and ye shall find! Knock and the door shall be opened to you!
Practical Tips to Follow in Job Hunting
Okay, while you’re at it, here 5 practical tips on how to find a great job during recession:
Perseverance is Key to Job Search Success
I know that this 5-point advice sounds too simplistic and easy; nevertheless, the most important element of job hunting success is perseverance. Again, do your numbers. Do not wait for those calls, do the follow-up yourself and continue sending those resumes. Do this, regardless of the economic climate; you will get that dream job of yours.