Job-hunting might take a long time depending on your credentials, the field you are interested in, the chances that are accessible in your area, and even the quality of your CV.

For your convenience, we’ve created a list of the most important employment data, so you know what to anticipate and where to begin your job search.

Indicators of the Job Market

Several sectors have yet to recover from COVID-19’s influence on the global economy fully.

If you are searching for a job, these stats will better prepare you for what to anticipate in the present economic climate.

1. As of July 2021, the US unemployment rate is 5.4%.

From 3.5 percent in February to 14.7 percent in April of the same year, the unemployment rate progressively decreased to 6.7 percent in November. Several sectors have suffered more than others due to COVID-19’s effects on the global economy. In the wake of the COVID-19 pandemic, the labor market in the United States has been slowly but surely recovering.

2. The average time to get a job in the US is five months.

Finding a job might take a long time, but don’t give up. Even if they don’t think they’ll get the job, job seekers will nonetheless apply for it. According to a new survey, American job seekers are prepared to apply for positions for which they have no qualifications. During the COVID-19 pandemic, finding a job that matches your credentials, talents, and aspirations may take up to five months or more.

3. By 2030, robots will have eliminated 20 million manufacturing jobs.

According to Oxford Economics, robots are predicted to enhance economic growth and productivity. However, less employment for humans will be created as a result. By 2030, the worldwide stock of robots is expected to rise to 20 million, with 14 million in China alone.

4. The best applicants are hired in 10 days.

Even though finding a job might take months, firms are always looking to hire the best and brightest. Top candidates may be found in as little as ten days, according to Workonic. In many cases, the right applicant is found within the first few days of the hiring process, so don’t wait to apply for a position if you see one.

5. The typical US worker changes employment 12 times between 18 and 54.

It was undertaken in 1979 by the US Bureau of Labor Statistics and again in 2018/19 on the so-called “baby boomer” cohort. It’s not uncommon for people to switch professions because of greater compensation, a more positive work environment, or because a new commute route is more convenient. Nearly half of the 12,4 typical occupations held by Americans aged 18 to 54 were performed by survey participants between the ages of 18 and 24 years, according to the findings.

6. Passive talent, or those not actively looking for employment, make up 70% of the worldwide workforce.

While we don’t yet have recruiting data for 2021, LinkedIn’s previous poll is highly insightful. ‘ There is a large discrepancy between how much of the world’s workforce actively seeks a new job and how many individuals are actively looking for new employment.

An Overview of Job Application Data

A job application is merely the beginning of the hiring process but is nevertheless essential. Here, you’ll discover information about what job searchers look for in a job and the resources they use to search for one.

7. Half of the applicants would refuse to work for a firm with a poor reputation.

Many polled applicants said they would reject a job offer from a firm with a terrible reputation, whereas companies with a strong reputation recruit superior people. Even if they were paid more, just half of them would consider changing occupations. Conversely, 92% of those polled said they’d consider taking a job at a reputable organization if one were provided to them.

8. Employers reject 54% of candidates based on their social media accounts.

Various data on social media recruiting show that hiring managers are increasingly utilizing social networks. Recruiting new employees or learning more about their current employees is becoming more commonplace because of the widespread use of social media.

Companies don’t simply recruit individuals based on their social media presence; they also reject them. There are several ways to do a thorough background check on prospective applicants, such as looking at their social media accounts and for evidence of drug usage or political or religious postings.

9. Text messaging will be used by 41% of US companies to organize job interviews.

Cell phones have become almost second nature to the average person in today’s society. This is particularly true for young people, who use their smartphones and tablets for everything, including job searches. Many businesses are now considering allowing job seekers to use their cell phones as part of the application and hiring process.

According to Career Builder’s interview data, over half of employers want to conduct job interviews by text messaging. We can only imagine that this percentage will rise as more companies adopt this method.

10. 80percent of job seekers said they would not reapply to a firm that did not tell them of the status of their application.

80 percent of job searchers indicated they would not reapply to a firm if they were not informed of the status of their application. Even if they didn’t make the final cut, individuals are four times more inclined to consider your company’s future job offers after receiving constructive feedback.

11. In the United States, six out of ten millennials believe they are open to new career options.

The world’s biggest workforce comprises millennials and Gen x, and many of these workers are always searching for new job prospects. Some of the most sought-after occupations include software engineer, data analyst, and data scientist. According to the most recent job search figures compiled by Gallup, six out of ten millennials said they were open to receiving new employment offers.

12. Compensation is the most important criterion for 49% of job seekers when accepting a new job offer.

Professional growth (33 percent) comes second, followed by the ability to manage work and personal life (24 percent). The commute route and work-related perks are also important considerations.