Younger workers should maintain an open mind, career experts say.
Hiring for entry-level positions in the U.S is down 32% on the year in April for jobs that require a college degree and down 22% in April for jobs that do not require a college degree, according to a LinkedIn report released Monday.
Hiring slowed across all industries in April. It was down 29% in April year-over-year, and down 0.1% from March. Several industries, including manufacturing, hospitals and healthcare and retail, are facing an even tighter labor market in the first half of 2023, LinkedIn said. The tech, media and financial industries have announced layoffs and hiring freezes in recent months. However, many of these layoffs came after rapid hiring during the pandemic, said LinkedIn career expert Andrew McCaskill. “Things are just going from a ‘boil’ to a ‘cool,’” he said.
Employers listed more than 300,000 job postings for tech positions in April, despite a wave of layoffs from Silicon Valley companies including Alphabet Inc.’s Google GOOGL GOOG , Salesforce Inc. CRM , Facebook parent Meta Platforms Inc. META , and Microsoft Corp. MSFT , among others.
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