Are you one of the many individuals struggling to find a job in today’s competitive market? The unemployment rate may be low, but that doesn’t mean everyone has equal access to employment opportunities. Some individuals, known as NEETs (not in employment, education, or training), are choosing to opt out of the workforce due to discouragement from their economic situation. On the other hand, well-qualified candidates, especially younger ones, are finding it challenging to secure positions, leading to a group known as the “new unemployables.”
At Extreme Investor Network, we understand the challenges you may be facing in finding stable employment. In fact, the youth unemployment rate for 16- to 24-year-olds was at 9% in May, with fluctuations depending on economic conditions. It’s essential to stay informed about employment trends and opportunities in the market, especially as more young adults are being left out and left behind.
Our experts at Extreme Investor Network have identified a phenomenon known as “talent hoarding,” where employers are holding onto their skilled workers and focusing on talent mobility rather than creating new job openings. This trend has contributed to a surplus of highly trained individuals struggling to find employment opportunities, creating a new group of “new unemployables.”
Although the job market may seem daunting, there are strategies you can employ to enhance your employability. Networking plays a crucial role in today’s job market, so don’t hesitate to reach out to former colleagues and employers for leads and job contacts. Additionally, staying visible in your industry by writing about relevant topics and updating your resume with key keywords can improve your chances of standing out to potential employers.
At Extreme Investor Network, we believe that with the right mindset and proactive approach, it is possible to transition from being considered “unemployable” to securing a job that aligns with your skills and interests. Don’t limit yourself to traditional career paths; consider exploring a “career lattice” approach by taking on roles that offer opportunities for skill development and growth.
Stay informed, stay proactive, and stay connected with Extreme Investor Network for more personalized tips and strategies to navigate the ever-changing job market landscape. Let us help you turn the tides in your favor and achieve your career goals.