The Job Market Is Strong, Unless You Are Experienced
The American job market still looks healthy from a distance. In June, unemployment stood at 4.2 percent, and employers reported 7.6 million job openings in May. Yet those broad figures conceal a harsher market for many professionals in their 40s and 50s. The Bureau of Labor Statistics counted nearly 1.7 million unemployed people between 45 and 64 in June, and roughly half of the unemployed in each of those age groups had been searching for 15 weeks or longer. A market can produce respectable headline numbers while making reentry unusually difficult for people with long résumés, higher prior salaries, and careers built for roles that companies are now redesigning or eliminating.
