Wednesday, January 1, 2020
Job hunting Dont get your hopes up; it could make your search longer
Job hunting Dont get your hopes up it could make your search longerJob hunting Dont get your hopes up it could make your search longerThe long-term unemployed are overly-optimistic in their outlook that theyll find a job soon, according to a November study from theNational Bureau of Economic Research called Job Seekers Perceptions and Employment Prospects.Whats more, even when they dont find work and remain unemployed, those sunny outlooks do not adjust - which can keep job-seekers out of work longer.Individuals who overestimate their employment prospects will be overly selective and inefficiently prolong their unemployment spells, the study reads.While no one likes to hear that you should take the first decent job you can get to exit unemployment as fast as possible, perhaps thats one lesson to be taken from this study.The long-term unemployed generally have a too-rosy view of a job when they are finally hired, it was discovered.For example, using a survey of unemployed workers in New Jersey, which surveyed a large sample of people receiving unemployment benefits in 2009-10, researchers found that out-of-work people reported a 26% probability that theyd find a job by the next month.The actual probability of them finding a job in a month was 10%.In fact, in the New Jersey group, people generally got 2% more optimistic theyd find a job with each month they were unemployed.Perhaps it can be chalked up to a coping mechanism to combat job-search depression.
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