Will Jobs Be Plentiful In 2025? | Global News Avenue

Finding a job is getting harder and harder, and some economists expect that trend to continue in the new year.

Employers have slashed job openings since the start of the pandemic. The early days of economic reopening after the pandemic (Deleted – Post-Pandemic Days) When they can’t find enough workers.

There were more than two jobs available for each unemployed worker in March 2022, the most since the Labor Department began tracking job openings in 2000. By September, there were only 1.09 jobs per unemployed worker, fewer than in the days before the job losses. Pandemic.

Not only that, November’s employment rate — the percentage of unemployed workers who found a job last month — fell to its lowest level since the pandemic began.

Part of this pullback is a result of Fed policy. The Federal Reserve is raising interest rates in 2022, pushing up borrowing costs for all types of loans, aiming to cool the job market and reduce pressure on wages. Now that they have it, Central bankers are cutting interest rateshoping to stem the decline in the job market before it drops to the point where employers begin laying off workers in large numbers.

Layoffs are rare, but how long do they last?

Although the unemployment rate is not high by historical standards, if job postings continue to trend downward, employers may begin to actually lay off workers rather than just eliminate open positions.

“While these data reflect Employer demand continues and the labor market remains resilient, but we are approaching the stage where further cooling may begin to translate into rising unemployment,” the report reads.

An aging population and an expected decline in immigration under Trump could also create more job opportunities for other workers and create more hiring challenges for employers, Indeed economists said.

“Despite uncertainty about the new presidential administration and signs of some economic and demographic headwinds, the economy appears poised to weather 2025,” Indeed economists wrote.