Job Search Statistics to Keep in Mind

Here are some job search statistics to keep in mind when searching for your next job and how to take advantage of them.

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job search statistics
job search statistics
job search statistics

Job search statistics

If you’re looking for a new job and want to make sure you get job offers in return, then looking up relevant job search statistics can help. Knowing more about recruiting trends, how to present yourself as top talent and how the current global workforce looks can aid your job application as a whole.

Let’s take a look at some job search statistics for 2024 and how job seekers can use them to their advantage.

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What does the current job market look like?

The latest data as of December 2022 in the EU-area shows an unemployment rate of 6.6%, down from 6.7% the month before. These numbers vary little with the unemployment rates of those seen pre-pandemic. Basically, job hunting is better now than ever. It might be time for you to get back into the recruitment process and develop a new full-time career.

In comparison, post-pandemic statistics showed that one in four employed people had remote work positions in July 2020. This has begun to decline as more companies are re-opening, but some companies will still perform remote work until pandemic limitations have been fully lifted.

Where to find job opportunities?

If you want to jump back into the job market, then check out these various methods of finding new job openings.
 
Online job boards
 
As many as 60% of job seekers tend to use online job boards and job sites like LinkedIn, Jobvite, Glassdoor or a specific company website to find jobs in an industry they are interested in. However, these online job boards are actually much less successful than they would have you believe.
 
Referrals
 
The best way to find new job opportunities is through referrals from friends and family. Referrals are actually the number one way that people discover new jobs that aren’t currently open to the public, according to Business LinkedIn. Around 50% of job seekers tend to find new jobs through word-of-mouth alone.
 
Additionally, recruiting trends point to companies being more willing to hire referred candidates than outside candidates. Referrals provide the company with a pre-selected source of top-quality hires from employees they already trust and know.
 
Social networking
 
Social networking and social media sites such as Facebook or Twitter are also surprisingly effective. Around 56% of job seekers tend to search for new jobs on their mobile devices or other devices on these sites.

Job application statistics

Getting back into the job market requires more than just knowing about employer branding and building your CV up again. Here are a few recruiting statistics to keep in mind for your next job search.
 
Chances of landing an interview
 
According to the Jobvite 2019 Recruiting Benchmark Report, around 12% of candidates who applied for a job opening received an interview with the hiring manager. Of those who were interviewed, only around 28% of these candidates received a job offer from a respondent. This can seem like discouraging odds, but you can increase your chances by buffing up your job application. One way to do this is to pay close attention to keywords found within the job description. Many recruiters rely on applicant tracking systems (ATS) to find quality candidates. In order to bypass these systems, you need to use as many relevant keywords from the job description as you can throughout your application. The more keywords the system detects, the better your chances are of landing an interview.
 
Diversifying new hires
 
Many companies are becoming increasingly aware of the divide between diverse hires and white male employees and have sought to overcome that. You will see an encouraging emphasis on companies hiring more women and diverse talents as a result.
 
Pay attention to social media
 
Social media profiles are playing a larger role in the hiring process, particularly with millennial recruiters. As many as 50% of recruiters state that social media will become their number one focus in building the company’s brand and sourcing new recruits. Conversely, this means that you need to watch what you post before applying for a job as well. Make sure you aren’t posting anything too controversial, political or religious on social media where you show your face or name.

FAQs: job search statistics

Q: What is the average time job seekers should spend on a job application?

You might spend some time within your week personalising just one job application. Some sites like LinkedIn or Jobvite might invite you to use easy application buttons, but it is always best to take the time to write individual resumes and cover letters for each job you apply to. HR professionals will be able to tell the difference between a personalised application and a generic one you send out to multiple jobs.

If you want to save time on personalising each job application, then try using a CV builder or cover letter builder tool. These tools can help you craft great CV and cover letters to use for your next job application in a matter of minutes.

Q: What are the hiring statistics for each demographic?

Each demographic will face different hiring prospects. According to Statista, the hiring statistics for each demographic are as follows:

●            Boomers: 36.9%

●            Gen X: 80% and up

●            Millennials: 75% and up

●            Gen Z: 45.9%

 

Q: How long does it take for the HR application process to finish?

Hiring managers are extremely busy individuals. Not only do they have to process your job application, but also the applications of dozens of others for various other job postings. Because of this, you can expect the recruitment process for a single position to end anywhere between a week to a month and a half.

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