In a turnabout from the employee-driven job market of recent memory, employers are holding off on interviewing applicants who only a few months ago they would have sent a limo to fetch. But hold on. Perspective prevents panic.
Unemployment remains at historic lows.
As Baby Boomers retire and fewer young people enter the job market, and as new job creation continues, the prospects for talented workers are bright for the next 10 years. Of course, all these numbers are of little comfort when you're one of the people on the pavement. Lain Kennedy columns Joyce Lain Kennedy is a 28-year veteran career columnist for the Los Angeles Times and author of seven books. Industries being hard-hit include retail and auto parts, while brighter prospects beckon in mortgage banking as interest rates decline, insurance as it takes on broader financial services, education as retiring teachers are replaced, health care as the population ages and, of course, information technology as the world goes on. If you have to go, be cheered that you're heading out now while companies are still hiring with vigor.