Bloomberg: The average length of time to search for a job in the US has reached its highest since the mid-2010s

An unprecedented situation has developed in the United States - on average, it takes an American six months or longer to find a job. Bloomberg reported this.

According to him, such terms were the longest since mid-2010. Two million US residents are left without a livelihood in one way or another, looking for work within 27 weeks. At the same time, the unemployment rate remained at 4.1 percent.

In turn, the Federal Reserve is more concerned about inflation than the labor market, and in September it raised interest rates for the first time since 2023. This is expected to happen again soon, further reducing employers' incentives to open new positions.