Job Seekers Face Unprecedented Challenges Amid Economic Uncertainty

Job seekers like Carly Kaprive are facing unprecedented challenges in finding employment, highlighting the impact of economic uncertainty on the labour market amid rising unemployment and layoffs.

• Carly Kaprive, a 32-year-old project manager, has submitted 700 applications to find work in Chicago after relocating from Kansas City, facing a prolonged job search amid economic uncertainty.
• The current labour economics environment is tough, with many job seekers experiencing longer unemployment durations than in previous years, exacerbated by factors such as interest rate fluctuations.
• Layoffs are increasingly common across various sectors, contributing to the challenges for job seekers, while the rise of artificial intelligence is reshaping job availability and requirements in the market.