The unemployment rate in the United States is historically low, sitting around 3.7 percent in September, according to the Bureau of Labor Statistics (BLS). However, the current low employment rate does not include the more than 5 million workers who are no longer counted in those numbers. Now is the time for those who left the job market to start their job searches, according to one workplace authority.
“We are experiencing an incredibly tight labor market. Companies are in a war for talent, as skills shortages threaten to keep companies from operating at maximum capacity. Already, we have tracked over 700,000 holiday hiring announcements, the most since we began tracking in 2012,” said Andrew Challenger, Vice President of global outplacement and executive coaching firm Challenger, Gray & Christmas, Inc.