The job market has gone down fast and unemployment is going up.
There are a lot of jobs lost–tech specifically–because of AI and big companies’ cost cutting, thus reducing the people that work for them. Hiringlab.org says, “The US labor market has been sending mixed signals for nearly three years. Unemployment has risen from its 3.4% trough in April 2023 to 4.3% as of March 2026 — a 35-month upward drift that represents the longest sustained deterioration in the unemployment rate on record.” Unemployment is creeping up, and people who were never worried about losing their job are finding themselves without the job. They thought they would never lose, and at the same time, the job market has gotten smaller making it harder to find jobs.
Some people might say fewer jobs are open, but the jobs that are open are higher paying and can be more stable. Also, some people say the increase could just be more people entering the workforce. Better jobs aren’t better overall because there’s less spots open, and the overall job losses can’t be fixed by a few good positions. Recent unemployment is bigger than the growth in the workforce, so this might mean people are losing and failing to find jobs instead of a lot of people just entering the job market.
What needs to change is the government has to help people with this. Pretending like it’s not there we’ll make things get worse and worse. They could create a program to help people get jobs.
The growth in unemployment and the shrinking of the job market is really scary.
