How much does the jobless rate affect your job search?
The Cincinnati Business Courier recently reported that the Ohio jobless (Why they don't just say unemployment?) rate fell in February. When I first started this blog back in 2002, I often wondered about the unemployment rate.
It's really a bit of an inaccurate number, when you consider that it's the number of people filing for unemployment each week. It doesn't count those who are still unemployed yet have either stopped meeting the reporting requirements or have had their unemployment benefits expire.
The rate describes a macroeconomic condition; i.e., a condition of unemployment as a whole. More importantly, I also found, at least for me, that I began using the unemployment rate as an excuse for not keeping up with my job search as intensely as I could have been.
So the jobless rate is falling or rising... whatever.
The statewide/national jobless rate shouldn't affect your own job search and career management. Stay focused on your own job search. Companies still have positions to be filled. Your industry (also known as "vertical" by some) may have high demand for labor. Don't use the rate as an excuse.
Am I off base here? Does any of this make sense? What do you think?
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