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5 Myths About the Job Market

Tuesday, 07 Dec 2010 04:35 PM

The financial crisis in the U.S. and subsequent global economic meltdown has resulted in high unemployment. Experts have analyzed the job market crisis and gave studied opinions on the basis of job market statistics. The government initiated several measures to improve the job market in the U.S. by creating more employment opportunities. The stimulus being provided to the job market in 2010 may produce results over the next few years. However, unemployed people should not be misled by various myths about the job market.

These five common myths concerning the job market are listed below:
  1. Job seekers believe that the Internet is the only place to find a job. This is not correct. It is like any other job market publication or advertising space. It can be profitably used to study updated job market statistics and find the best segments of the U.S. job market in 2010 and beyond. Job seekers must harmonize their personal skills with their occupational requirements. Merely submitting a resume to many job sites on the internet will have little effect.
  1. Another myth widely accepted in the job market in the United States is that the outsourcing of jobs — especially in the IT sector — is a major reason for unemployment. Many job market reports in 2010 imply that curtailing outsourcing from the job market in the U.S. will solve the whole problem. In fact, rising unemployment in the IT segment of the job market in the United States has directly resulted in huge job losses in the countries to which they were being outsourced.
  1. It is a myth that qualified people can easily find employment in the job market. Many qualified unemployed people have skills related to segments of the job market that have suffered the most. Job market statistics for 2010 should be studied carefully to identify new segments suited to personal skills.
  1. A major obstacle in securing employment in the present job market in the United States is the myth that the high salaries and benefits that existed earlier can still be readily had. Times have changed and employers are doing everything possible to cut costs and stay afloat. Studying current job market statistics will give you a clearer picture. 
  1. The belief that agents or headhunters will find you employment in this job market is another myth. Most agents or agencies offer opportunities in the job market to a large number of job seekers, resulting in too many applicants for a limited number of jobs. Precise requirements of headhunters are limited to a few select persons with skills required and desired by the prospective employers. It is necessary to know exactly where to apply for employment.

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