United States

An economist explains how to get a new job in a 'low firing, low hiring' market

Image Credits: UnsplashImage Credits: Unsplash
  • The labor market is strong but hiring has slowed, creating a paradox where job seekers face tougher competition despite low unemployment.
  • Networking and strategic job searching are crucial, with experts recommending creative outreach, internal opportunities, and tailored applications.
  • Upskilling and flexibility can help job seekers stand out, as employers value candidates who adapt to market changes and fill skills gaps.

[UNITED STATES] Job hunting today presents a paradox: despite a strong overall labor market, securing a new position remains a significant challenge, according to economists.

In April, the unemployment rate held steady at a relatively low 4.2%, with job growth surpassing expectations. Layoffs remained historically low, suggesting that those currently employed are holding onto their positions. However, the apparent resilience of the labor market obscures deeper issues. Many industries, particularly technology and finance, are experiencing a slowdown in hiring following rapid expansion during the pandemic. Companies are increasingly focused on efficiency and cost-cutting, which has led to fewer job openings and more competitive hiring processes. This shift has made it harder for skilled workers to secure positions that align with their expertise.

The pace of hiring has slowed to its lowest rate since 2014, with nearly 1 in 4 jobless individuals—23.5%—remaining unemployed for more than six months, up from 19.6% a year ago. Cory Stahle, an economist at the Indeed Hiring Lab, described the current trend as a “low firing, low hiring” environment, noting a growing divide between those who are employed and those who are not.

This divide is intensified by mismatches in geography and sector. For example, job openings in healthcare and renewable energy are plentiful, yet workers from industries such as retail and traditional manufacturing may not possess the certifications or training needed to transition effectively. Additionally, with remote work opportunities dwindling, many job seekers are now forced to consider relocation or hybrid arrangements.

For those who experienced the boom in job openings and record-high quit rates just a few years ago, these changing market conditions can feel particularly jarring. “This is just how it is right now: Companies are not hiring,” explained Mandi Woodruff-Santos, a career coach and personal finance expert. “If they are, it’s very infrequent.” Economic challenges, such as trade wars and declining consumer confidence, may further complicate the job search in the coming months, according to economists.

Recent data from the Bureau of Labor Statistics indicates that wage growth is slowing, which could further restrict job mobility. Workers who might have considered switching jobs for better pay are now staying in their current roles, reducing turnover and limiting opportunities for new candidates. This stagnation is particularly evident in entry-level positions, which often become available when more experienced employees move on.

Stahle warned that “the market can’t escape the consequences of rapidly souring business and consumer confidence forever.” Even in this “low firing, low hiring” landscape, there are strategies job seekers can use to stand out, according to experts. "When the market changes, the way you search for a job may also have to be adjusted,” said Jennifer Herrity, a career trends expert at Indeed.

Creative Networking

Experts suggest that job seekers may need to rely more on personal connections than in recent years. Many job openings come through referrals or internal candidates, which means job seekers need to be "creative" and “strategic” about their networking efforts, according to Woodruff-Santos. Digital networking platforms like LinkedIn and industry-specific forums can be vital tools for increasing visibility. Engaging with thought leaders, sharing insights, and participating in online discussions can help elevate a candidate's profile. “Passive networking—building relationships without an immediate ask—can pay off when opportunities arise unexpectedly,” she added. “Instead of waiting for someone to pick your resume from a pile, you have to make it undeniable: Put yourself in front of them.”

Job seekers are also encouraged to seek out less conventional networking events, such as conferences, seminars, book signings, and talks, where they may encounter individuals from businesses with relevant interests. Woodruff-Santos offered an example: If you work in information technology and an author releases a book on corporate security in the realm of artificial intelligence, attending the author’s book signing or seminar could connect you with professionals in the IT security field.

Reaching out to former colleagues can also help get job seekers on a hiring manager’s radar before a position is publicly advertised, Herrity noted.

Internal Opportunities

For workers dissatisfied with their current jobs, experts suggest they explore internal career opportunities that may be more accessible than they appear. "While hiring may appear to be slowing on the surface, it usually just means that opportunities have gone further underground," said Frances Weir, a principal at Korn Ferry. However, she cautioned employees to be strategic and avoid applying to multiple roles within the same company or seeking to transition too soon from a position they’ve held for only a short time.

Tailor Applications

Generic resumes are unlikely to stand out in today’s competitive market, Herrity said. To improve their chances, job seekers should customize their resumes and cover letters for each role, using keywords from the job description and aligning their skills with the company’s needs. Additionally, applicants should take advantage of AI tools to optimize their application materials, such as ChatGPT or resume scanners. However, Herrity emphasized that human oversight is critical to ensure authenticity. “AI can’t replace your unique story—use it as a supplement, not a crutch,” she explained.

Candidates should also highlight measurable results—rather than simply listing job responsibilities—both on their resumes and during interviews. Demonstrating a proven track record of achievements can make a stronger impression on employers.

Upskill and Reskill

During slow periods, employers value candidates who take the initiative to grow their skills, Herrity said. This is especially important for those who have been out of work for an extended period and may face a skills gap. Job seekers can fill these gaps by taking free or affordable courses in relevant fields, signaling their motivation to learn and adapt. Including certifications or completed courses in the “education” or “skills” section of a resume can further demonstrate this commitment.

Be Flexible

While waiting for the ideal job, success may lie in being open to short-term roles, contract work, or exploring adjacent industries, Herrity suggested. These opportunities can help job seekers grow their networks, gain new skills, and position themselves for future full-time roles.


Economy World
Image Credits: Unsplash
EconomyJuly 11, 2025 at 1:00:00 PM

How Trump’s trade tactics are reshaping the global supply stack

If you’re reading Trump’s trade moves like it’s 2018 again—tit-for-tat tariffs, trade war optics—you’re behind. This time, it’s not about hammering China. It’s...

Economy United States
Image Credits: Unsplash
EconomyJuly 11, 2025 at 10:30:00 AM

Markets rise as investor optimism builds around trade talks and earnings

While stocks climbed this week on upbeat signals around trade negotiations and anticipated earnings results, the real narrative lies beneath the numbers: a...

Economy Malaysia
Image Credits: Unsplash
EconomyJuly 11, 2025 at 10:30:00 AM

Malaysia palm oil stockpile hits 18-month high in June 2025

Malaysia’s palm oil stockpile climbed to 1.91 million tonnes in June 2025, the highest since late 2023. While the figure drew initial interpretation...

Economy Singapore
Image Credits: Unsplash
EconomyJuly 11, 2025 at 9:30:00 AM

Singapore launches Asia-Pacific aviation green hub

While Europe debates emissions caps and the US chases SAF tax credits, Singapore is doing something more foundational: it’s building the infrastructure and...

Economy World
Image Credits: Unsplash
EconomyJuly 11, 2025 at 9:30:00 AM

Delta’s forecast and Nvidia’s surge push indices to new highs

While tariffs dominate the political headlines, the real market signal came from Delta Air Lines. Its upgraded profit forecast sent its stock soaring...

Economy World
Image Credits: Unsplash
EconomyJuly 11, 2025 at 9:30:00 AM

Trump tariffs jolt oil prices as growth fears resurface

The latest Trump tariff barrage may read like déjà vu, but the oil market's reaction reveals a deeper signal: credibility risk is now...

Economy Europe
Image Credits: Unsplash
EconomyJuly 11, 2025 at 9:30:00 AM

UK-France migrant returns trial under PM Keir Starmer

The UK’s new “one in, one out” migrant returns pilot with France is not just a logistical measure. It is a policy signal—crafted...

Economy Malaysia
Image Credits: Unsplash
EconomyJuly 11, 2025 at 9:30:00 AM

Malaysia signals confidence in US tariff relief talks

Malaysia’s public optimism about reducing US-imposed tariffs suggests more than a hopeful diplomatic overture—it reflects a deliberate policy posture recalibration in an increasingly...

Economy United States
Image Credits: Unsplash
EconomyJuly 10, 2025 at 12:30:00 PM

If Trump keeps changing his mind on tariffs, why bother negotiating at all?

The 90-day clock has run out. What was once a bold declaration by the Trump administration to secure "90 trade deals in 90...

Economy World
Image Credits: Unsplash
EconomyJuly 10, 2025 at 11:30:00 AM

How Western companies profit from genocide

If you strip away the flags and the press briefings, genocide looks a lot like product-market fit. Not morally—but operationally. The incentives are...

Economy World
Image Credits: Unsplash
EconomyJuly 10, 2025 at 11:00:00 AM

China exporters grapple with tariff uncertainty in 2025

There’s a reason more Chinese factory owners are watching TikTok instead of Bloomberg. And no—it’s not for the dance trends. It’s because creators...

Economy Europe
Image Credits: Unsplash
EconomyJuly 10, 2025 at 10:30:00 AM

Study finds UK’s struggling high streets may need up to £5bn for revival

The UK isn’t short of shuttered storefronts. But the real vacancy is structural. A new report from the Centre for Cities lays out...

Load More