Job prospects are currently bleak for all generations, with companies hiring at their lowest rates in a decade. Gen Z is particularly struggling, as entry-level opportunities are diminishing rapidly, evidenced by reports from the New York Federal Reserve. Millennials express frustration over their job search experiences, with many feeling ignored by employers despite their eagerness to work. Those in their 40s and 50s report job insecurity and challenges related to layoffs. Networking and persistence are becoming essential for those hoping to secure employment in a competitive landscape.
One Gen Xer told Business Insider of when she learned she was laid off, "The day that I got that news, it was like going to the worst surprise party I've ever been to."
The job market for 22- to 27-year-olds with a bachelor's degree or higher "deteriorated noticeably" in the first quarter of this year, the New York Federal Reserve reported.
I keep hearing employers talk about no one wanting to work, and I desperately want to work," said a millennial who struggled to find work for four years. "I can't get someone to ever sit down and talk to me."
I was applying and I felt like, 'This is so stupid because I know I'm going to get rejected,' said 21-year-old Bella Babbitt.
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