Statistics are important.
In baseball, it means the difference between an All-Star and a dud. In the stock market, it means the difference between a windfall and a loss.
The job search is no different, it’s a numbers game.
Statistics play a big role in the job search because it can help take the guesswork out. Know when to apply, and even more important, know what you’re dealing with.
I’ve compiled a list of five statistics every job seeker should know:
Unemployment rate according to BLS: 8.5% (BLS)
This is the number on everyone’s mind. Since hitting the double-digits, unemployment has been steadily (thankfully) heading down. Job seekers should know this statistic because, though still high, it’s worth being optimistic over. The job search is looking brighter and you shouldn’t be discouraged.
Unemployment according to Gallup: 8.3% (Mlive)
Recently, the famous pollster, Gallup, released statistics that say the unemployment rate according to the Bureau of Labor Statistics is too high. Sure, it’s by 0.2%, but that’s something! Why is this important? It means that, while statistics are important to the job seeker, they shouldn’t be treated as gospel.
Unemployment rate amongst bachelor’s degree holders: 4.1% (BLS)
That’s right. If you have a degree, your unemployment rate is halved. While you shouldn’t treat your degree like a golden ticket (more than 85% of new grads do move back home), it is a valuable commodity in a tough hiring market.
Total multiple jobholders in December 2011: 7,013,000 (BLS)
One out of every 20 U.S. workers have more than one job (that’s 5% for you). Not everyone can rely on one job for everything and have to pick up another on the side. Consider this when passing up opportunities that are “beneath” you.
What do you think? Are these statistics helpful, harmful, or interesting? Share your thoughts in the comments below!
