Part 5/11:

The Bureau of Labor Statistics (BLS) tracks the job finding rate based on monthly labor transitions, measuring how many unemployed individuals found jobs in the following month. The job finding rate has dropped drastically, from 28% in September to around 21.29% in November—unprecedented levels not seen since the economic downturns of 2007 and 2001. The data indicates a troubling trajectory, underscoring an economy that is struggling to rebound from past losses.

With hiring rates plunging and job availability dwindling, it becomes increasingly difficult for job seekers to penetrate the job market. While consumer sentiment had momentarily surged after the recent elections, this optimism has evidently waned as it became clear that the anticipated economic recovery was not materializing.