Job Market Pessimism Grows Despite Low Unemployment
Cleveland News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Despite low unemployment, Americans job market optimism plummets, with only 28% believing its a good time to find a quality job. College graduates and younger workers are hit hardest, facing sluggish hiring and a low-hire, low-fire environment. Government data shows a hiring rate of 3.2% in November, the lowest since 2013, with 7.4 million unemployed people chasing 6.9 million openings. Confidence measures like the Conference Boards index sit near pandemic lows, signaling tougher times ahead.
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