facebookDo you have a sensing of when the job market will improve? Will it be in the coming months or years? - Seedly

Anonymous

03 Jul 2020

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Do you have a sensing of when the job market will improve? Will it be in the coming months or years?

Based on your opinion!

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Discussion (1)

What are your thoughts?

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I think it's hard to predict how and when the economy will improve in the next few years.

IMHO,I do not see a V shape recovery for the job market in the next few months. It is highly possible that we will see more insolvencies and layoffs, especially from nice-to-have sectors and businesses. Those enterprises which fail to adapt to digital markets would also bear the brunt of the poor demand overall as consumers have less discretionary income to spend $ on.

Moreover, there will be more competition in the job market for the next 2 years at least when businesses go bust and layoffs are inevitable. Althought there are offerings of new jobs, these positions may be temporary and be on contract-basis.

However, there's things you can do actively to boost your CV and interviewing skills.

If you need more career advice on how to compete in the pandemic job market, do reach out to me via my profile or check out my blog :)​​​

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