In today's economy, you will be hard-pressed to find someone who hasn't struggled to find work or maintain his or her current position. While recessions and layoffs are believed to hit the lower and middle class the hardest, they are definitely not the only ones fighting to find stable employment. It is not just the Average Joe's who are struggling to find work. Plenty of well-educated professionals and seasoned veterans of the corporate world are struggling to find a steady job. Here is a look at why so many citizens are struggling to find work, and why social status and education level don't always matter when it comes to job security.

Recessions Don't Discriminate
When it comes to economic recessions, everyone, regardless of wealth or social status, can be affected. Between reports of corporate bankruptcy, downsizing, elimination of roles and layoffs, everyone from the Average Joe to the CEO of a big brand company can be affected by a poorly performing economy. With an economic recession comes inflation, budget crises and job reductions. Unfortunately, the effects are widespread. From seasoned professionals to new college graduates looking to break into the work force, a poor job market and effects from a recession are hard to shake off.

SEE: Layoffs: Know The WARNing Signs

Nurses Having Difficulties in the Job Market
The healthcare sector has expanded significantly in recent years, and certain positions are in high demand. Unfortunately, one of the most widely sought after jobs in the healthcare sector is also one of the hardest to get lately. Nurses, whether fresh out of nursing school or seasoned and looking for new employment, are having an increasingly hard time finding work due to overcrowding. According to a study performed by the National Student Nurses Association in 2011, four months after graduating from nursing school about 36% of nurses polled were still unable to find a job in their preferred specialty. As reported by The Washington Post, this is partially due to poor economic standing where more seasoned nurses who were expected to retire stayed on board instead. Other possible causes include over population of nurses in large cities with under-population in rural areas, and low vacancy rates in hiring hospitals.

Veterans Face Challenges in the Job Market
Another group that is having difficulty finding work in today's job market are veterans. Overall, the unemployment rate for U.S. military veterans was at 8.3% last year. For veterans who have recently served in the military, the jobless rate is significantly higher at 12.1%. With military veterans possessing a wide variety of skills and talents, one would think that it would be easier for them to find work. The military gives veterans resources to ease back into a career; however, it doesn't seem to be enough in today's shallow job market.

Law Students Desperately Seeking a Firm
Law students are always facing major difficulties in finding work after they ace the bar. According to a June 2012 article by The Wall Street Journal, law students who graduated in 2011 had roughly a 50/50 chance of finding a job in their desired professions within nine months of their graduation dates. These odds of finding a job after law school are disheartening and many law students feel as though they were misled by their law school's reported employment rates.

Seasoned Professionals Competing Against a Younger Work Force
Middle-aged professionals who unexpectedly lose their jobs due to layoffs can find themselves in difficult situations. It can be difficult for them to find work despite their considerable experience and skill. This is because of the massive amount of energetic youth who are waiting to start their careers.

SEE: Losing Your Job: From A To Z

The Bottom Line
Contrary to popular belief, it is more than just the Average Joe's who are struggling in today's job market. Skilled, professional workers with years upon years of experience are having as much difficulty as fresh out-of-school newcomers are. When competition is this steep, it is of the utmost priority that you get a leg up on the competition with a flawless resume. Connect with other professionals and contacts and ensure that you are doing everything you can to land the job that you desire.

Related Articles
  1. Investing

    Is the Number of Workers in the U.S. Declining?

    The number of workers in the U.S. labor force is declining. What caused it and what is the solution?
  2. Investing

    How Labor Force Participation Rate Affects U.S. Unemployment

    While a falling unemployment rate sounds like a good thing, it can actually be indicative of people leaving the labor force because they can't find a job.
  3. Professionals

    Top Tips for the Recently Unemployed

    When a major life change such as a job loss comes up the advice and counsel of a trusted financial advisor can prove to be invaluable.
  4. Investing

    America’s Labor Market: Hidden Distortions and Uncertain Forecasts

    Employment reports released by the Bureau of Labor Statistics have a profound impact on political, business, consumer, and investor behavior.
  5. Professionals

    The Highest-Paying Medical Careers

    Discover the highest-paying jobs in the medical field and what it takes to begin a career in one of the world's most secure industries.
  6. Personal Finance

    No Paycheck Doesn't Necessarily Mean No Income

    If you lose your job, be sure to apply for unemployment benefits. It's not welfare, but an insurance program that you and your employer have already paid into.
  7. Investing

    How To Job Hop The Right Way

    Job hopping has become more accepted, but how you do it matters a lot. Staying out jobs for too little and leaving for money alone are not the best strategies.
  8. Entrepreneurship

    5 Signs You’re About To Be Fired

    Often the signs of an imminent firing are subtle. Keep these five in mind.
  9. Investing News

    3 Stocks to Play a Falling Unemployment Rate

    Three stocks to consider as the unemployment rate falls.
  10. Entrepreneurship

    The Top 5 Under-the-Radar Cities for Job Seekers

    Don't be misled by 'Top 10' lists that rank cities purely on job growth. These cities get top marks for income growth and other key factors.
  1. What are the best free online calculators for calculating my taxable income?

    Free online calculators for determining your taxable income are located at, and Determining ... Read Full Answer >>
  2. What economic indicators are important to consider when investing in the retail sector?

    The unemployment rate and Consumer Confidence Index (CCI) rank as two of the most important economic indicators to consider ... Read Full Answer >>
  3. How does comprehensive income get reported on my 1040?

    As of 2015, on the standard IRS Form 1040, your comprehensive or total income is calculated through lines 7-22. This is different ... Read Full Answer >>
  4. What is the key difference between the participation rate and the unemployment rate?

    The participation rate and unemployment rate are economic metrics used to gauge the health of the U.S. job market. The key ... Read Full Answer >>
  5. How can minimum wages contribute to a market failure?

    The minimum wage acts like a price floor on labor, reducing the supply of jobs available to a level below the market-clearing ... Read Full Answer >>
  6. Do rising unemployment rates tend to increase or decrease investor sentiment and ...

    Rising unemployment rates tend to decrease investor sentiment and consumer confidence. Unemployment is one of the most important ... Read Full Answer >>

You May Also Like

Hot Definitions
  1. Barefoot Pilgrim

    A slang term for an unsophisticated investor who loses all of his or her wealth by trading equities in the stock market. ...
  2. Quick Ratio

    The quick ratio is an indicator of a company’s short-term liquidity. The quick ratio measures a company’s ability to meet ...
  3. Black Tuesday

    October 29, 1929, when the DJIA fell 12% - one of the largest one-day drops in stock market history. More than 16 million ...
  4. Black Monday

    October 19, 1987, when the Dow Jones Industrial Average (DJIA) lost almost 22% in a single day. That event marked the beginning ...
  5. Monetary Policy

    Monetary policy is the actions of a central bank, currency board or other regulatory committee that determine the size and ...
  6. Indemnity

    Indemnity is compensation for damages or loss. Indemnity in the legal sense may also refer to an exemption from liability ...
Trading Center