The Covid-19 pandemic has caused a long-term unemployment crisis
The pandemic has resulted in the loss of around 22 million jobs in rich countries and 114 million worldwide. A report from the Parisian Organization for Economic Co-operation and Development (OECD), an intergovernmental economic organization dedicated to stimulating progress, warns of the risk of a rapid increase in long-term unemployment.
It is a disturbing trend. The number of unemployed unemployed for at least six months or more was 60% higher than its pre-pandemic level at the end of 2020. This figure continued to increase in the first quarter of 2021, and disproportionately. affects already vulnerable groups. To make matters worse, the OECD says jobs will not return to pre-pandemic levels until 2023.
Despite the rapid turnaround in the United States with the rebound in hiring, the OECD is concerned that “hours worked in low-wage occupations have fallen by more than 28%”, which is almost 20% higher on the decline among high-paying occupations. A frightening number of unemployed youth, continuing education or training, an increase of about 3 million, reversing the trends of the last decade. It is problematic that young adults are unemployed or without a solid education. Over time, they have fewer options available to them. It is a recipe for discontent, drug and alcohol abuse, and a tendency to commit crimes.
To address this problem, the OECD calls on governments to “roll out their stimulus packages” as they deem it “essential to continue supporting the most needy families while better targeting fiscal policy measures designed to stimulate growth towards businesses and jobs with a viable future. in the new post-COVID environment, by providing the right incentives for business investment leading to restoration and the creation of more new jobs. “
“The labor market also remains vulnerable to a rapid build-up of long-term unemployment. Many of those who lost their jobs in the early stages of the pandemic have been out of work since then and may find it increasingly difficult to compete with those whose jobs were previously protected. “
The group calls for investing in “effective skills policies”, because it is essential to “help companies, start-ups and workers to cope with transitions to professions and sectors with high growth potential,” including those based on green technologies ”. The OECD calls for further efforts to “promote a culture of lifelong learning and link training to people rather than jobs”.
In June 2021, the number of long-term unemployed, defined as those without a job for 27 weeks or more, stood at nearly 4 million in the United States, representing about 32.5% of the total unemployed. This does not include people who have dropped out and left the labor market, who are severely underemployed, or who have decided to retire early due to lack of work options.
The effects on the long-term unemployed are devastating. Many families manage their savings and emergency funds. Unemployment benefits help, but do not compensate for the loss of a white collar salary. It shouldn’t be, but a person feels that their self-esteem is diminished. Tensions erupt within the family. The person between jobs tends to withdraw from social activities due to the embarrassment and embarrassment associated with having to let people know about their predicament.
To compound the challenges, job seekers face unconscious bias and discrimination in the job search process. Interviewers act as if it was the candidate’s fault and make unfounded judgments as to why they didn’t get a new job after months of trying to find a job. There is an underlying presumption that there must be an unspoken reason why they were selected for downsizing and could not quickly find a new opportunity. The large unemployment gap is unfortunately seen as a red flag.
When he finally had the opportunity to be interviewed, the applicant brought some luggage with him. A hiring manager wants to make an offer to a positive, optimistic, enthusiastic and motivated candidate. They want to feel like the candidate will be a fast tracker, someone who gets things done and makes their life easier. It is difficult for someone who has been unemployed for a long time to find the confidence to convince the interviewer.
I have seen this story unfold far too many times. The interviewee cannot suppress his resentment, bitterness and anger at being fired and left unemployed for such a long time. The supervisor notices this tension and becomes uncomfortable and worried.
When you’ve lost confidence, it takes its toll. You can avoid eye contact, squirm in your seat, and trip over your answers. The pressure to get a job becomes overwhelming, bordering on debilitating. They expect to fail because it keeps happening. Nervousness makes them lose focus and the interview doesn’t end well.
The keys to tackling long-term unemployment discrimination are accepting what happened, forgiving yourself and the people who let you go. You also need to develop a new job search strategy.
Tap into your network. Politely and constantly ask for help. It might sound uncomfortable, but sometimes you have to be a little pushy. Ask people you know to offer you job leads and say a good word to you or make presentations at companies you would like to work for. You have nothing to lose, so hit all the stops.
Go to LinkedIn and other social media sites to let the world know you don’t have a job and actively search for a new job. Remember that there is no shame in being out of work. Digitally connect with people at your target businesses. Comment on their posts and add your own content to get noticed. Contact the best recruiters specializing in your area of expertise. Review and update your resume. Practice your pitch and go through all of the frequently asked interview questions.
Cultivate a mental return plan. Find hobbies to distract yourself from the job search. Play sports at the gym club. Go running. Practice a sport. Join some clubs. Do something you’re good at to regain confidence. Take care of your mental, emotional and spiritual self. Do you talk about success. Stop all the negative noises in your head. Replace it with positive mantras, in which you constantly remember all your past victories.
We all have transferable skills. Use your talents to pivot into a growing industry. You may have to put your pride aside and take a lower level job to get back into the game. A stable income and health benefits will help you feel better about yourself. The new post could be a stepping stone. You will make new contacts, rebuild your self-esteem, progress with the organization, and sneak an eye out for better opportunity.