A record number of workers have quit their jobs, looked for new ones and renegotiated along the way.
But with all the opportunities the current labor market offers, there are challenges, too — especially when it comes to standing out in a sea of job applicants.
About 1 in 5 workers, or 22%, said will likely look for a new job in the next six months, but only about one-third think it will be easy, despite widespread job openings, according to a new report by the Pew Research Center.
Still, the chance at a fresh start with higher pay or more flexibility (or simply to relieve burnout) is driving many workers to get in on the Great Resignation, also known as the Great Reshuffle, while they can.
It could get harder to find a job
Recent signs show the labor market, which was on fire in 2021, may be beginning to cool.
On Wednesday, the Federal Reserve announced another major rate hike of 0.75 percentage points to cool things — particularly inflation, at a 40-year high — down a little more.
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Already, planned layoffs jumped 57% in June from a month ago, according to job placement firm Challenger, Gray & Christmas. Chatter is also heating up about possible layoffs coming to Wall Street, as well as job offers being rescinded.