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.