I see somebody posted here they were not able to find a new job yet, and I know two more people recently laid off by Thomson Reuters who are still looking. This is starting to worry me - I honestly thought job market was really good right now and nobody would have trouble finding a new job.
Is it really that bad out there?
Part of the December layoff here, and still actively looking.
Take advantage of the Right Management resources if they were offered to you. A lot of helpful information and programs there. Update your resume (a service that RM offers). Learn the new contours of the employment landscape. Get additional training and/or certifications. And, most importantly, network -- resumes sent online or via email to job postings are almost always discarded or ignored. Reach out to recruiters, mentors, former colleagues, friends, neighbors, etc. You never know which one will pay off.
This isn't true.
"The official unemployment rate is known as U3. It defines unemployed people as those who are willing and available to work, and who have actively sought work within the past four weeks."
https://www.investopedia.com/terms/u/unemploymentrate.asp
I got laid off after a long time with the company. Took 2.5 weeks to get a new job making more than what I was earning before. The job market is hot if you have the right skills.
"If someone has been unemployed more than 90m days, they are deemed 'No longer looking.' Where does that leave people who have a one-year/non-compete severance agreement?
The conclusion I've reached is that one can get a job. It will just be working minimum wage. They still count that as a job. Even if it doesn't support a family.
It took me 8 months to find a new role so don’t get discouraged. The frustration is multiplied while you’re trying to get out of such a toxic environment but keep pushing and have a clean, neat resume.
The jobless rate is 100% manipulated. How? Easy.
If someone has been unemployed more than 90m days, they are deemed "No longer looking."
Yes, it's true. So people who cannot find work are assumed to be working after 90 days. And in the US, that's around 25 million people. Hence the 40 million on food stamps.
Now that you've lost your job, you will have your eyes opened to the big fat lie perpetrated on the masses, which says the "Economy is booming!"
Yeah, I have to agree. I don't mean to be a downer, but I want to be honest. Out of the more than a dozen non-tech people in my location laid off at the same time as me (Nov-Dec 2018), only a couple have found jobs (I'm not one of them). What we're finding is that the jobs we did at TR don't match up well with what's out there in the world now, at least in our fields. Not only were we very specialized (and, we're finding, overpaid for our market), the programs we used are outdated. I do have to add that we're in a geographic area known for a lot of layoffs, which might not help the situation because there are rumblings of some larger companies about ready to lay off, too. I don't know how the laid-off tech people are faring, but hopefully they're having better luck.
It is pretty true. Although you keep hearing jobless rate is at all time low and we are at full employment (I am talking about US in particular). It took me almost 7 months to land on something.