While the unemployment rate in the U.S. is still fairly low, data shows it’s not uncommon to see individuals job hunting for extended periods of time.
The unemployment rate remained flat at 4.2% in May, the Bureau of Labor Statistics reported Friday.
However, over the past six months, it’s become “drastically harder to find a job,” whether you’re entering the job market for the first time or you’ve been looking for a while, according to Alí Bustamante, an economist and director at the Roosevelt Institute, a liberal think tank.
“It’s not that folks are losing their jobs,” Bustamante said. “It’s just that businesses are much more reticent to hire people, to make investments, because they just feel this very uncertain economic climate.”
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