Job Seekers Face Record Frustration Amid 1.17M Cuts in 2025
URGENT UPDATE: Job seekers in 2025 are grappling with a hiring crisis, facing a staggering 1.17 million job cuts announced so far this year, the highest since 2020. As employers remain hesitant to hire, applicants report overwhelming frustrations, including “ghost jobs,” excessive competition, and AI-driven resume screenings that leave them feeling invisible.
Reports reveal that the labor market has hit one of its lowest hiring rates since 2013, creating a desperate situation for those searching for work. Many candidates, such as Matthew English, a former accountant from Alabama, have been unemployed for over a year, depleting their savings in the process. “I have about drained my life’s savings,” he lamented.
The frustration extends across generations, with job seekers voicing their concerns about slow hiring processes and employers going silent after interviews. Hilary Nordland, a marketing professional from Minnesota, expressed her dismay at being ghosted after interviews. “This job market is terrifying,” she said.
The New York Fed‘s latest data shows that the probability of finding a new job within three months has plummeted to its lowest level since 2013. Kory Kantenga, an economist at LinkedIn, noted that the current labor market lacks momentum, further compounding the anxiety felt by job seekers.
With average job postings receiving a staggering 242 applications—nearly three times the number from 2017—qualified candidates are struggling to stand out. Aaron Terrazas, an independent economist, emphasized that frustrations are justified in this challenging environment, despite seemingly stable aggregate job data.
As many rethink their career paths, some individuals are forced to confront the harsh reality that their aspirations may be out of reach. Kenneth Ferraro, who left a trucking job to pursue a degree, shared his struggles in the job market. “I suspect my age was a factor,” he stated after an unpromising interview.
Amid the chaos, some have found solace in community support. Ian Carter, who was laid off from Microsoft, connected with others facing similar challenges through online groups. “Layoffs kind of affect people mentally,” he explained.
While the job market appears bleak, there are success stories. Alexander Valen, a former project manager at Accenture, overcame months of unemployment by leveraging his network to secure a position at Toptal. His advice for fellow job seekers: “Networking isn’t optional—it’s the force multiplier that ultimately led me to my role.”
As job seekers navigate this treacherous landscape, the urgency for change is palpable. With rising unemployment rates and fierce competition, the story of 2025’s job market is one of resilience amid adversity. Those affected continue to seek connection and support, striving to reclaim their footing in an unpredictable economy.
