Half of workers who were laid off in the last three months have found jobs!
The economy's not improving as fast as any of us would like. We've been encouraged by the recent signs that the situation isn't in the nosedive it was a few months ago. Today we're downright excited to see that many laid off workers have had luck finding work in the last three months. Granted, we wish there were no layoffs in the first place and that we were on the road to robust job growth. But for now, this is good news we're glad to hear.
A new CareerBuilder survey completed in June finds that 48 percent of workers who were laid off from full-time jobs in the last three months have found new full-time positions, an increase from 41 percent in March. An additional 3 percent found part-time positions; down from 8 percent in the previous survey.
"Despite a challenging job market, workers have been able to find employment opportunities in a variety of fields," said Brent Rasmussen, President of CareerBuilder North America. "Even though the number of workers who took part-time positions is tracking below last quarter, the number who found full-time jobs is notably higher. This is a positive indication that more workers who were laid off from full-time jobs were able to replace them with new full-time positions instead of taking part-time work as an interim measure to generate income. Part of this job search success is related to workers expanding career options to new industries and locations."
Changes in Pay
Looking at workers who were laid off in the last 12 months and found new jobs, more than half (56 percent) reported they were able to negotiate comparable or higher pay for their new positions. Forty-four percent of workers took a pay cut, down from 49 percent in March.
Transferring Skills to Other Industries and Fields
Workers reported they are applying their skills to new areas. Similar to the last survey, 38 percent of workers who were laid off in the last 12 months and landed new jobs said they found work in a different field than where they were previously employed. Of those workers, the majority said they really enjoy their new positions.
Workers are no longer just looking for positions in their own backyards. One-in-five workers (20 percent) who were laid off in the last 12 months and found jobs relocated to a new city or state; up from 13 percent in March. Of those who are still looking for employment, 44 percent reported they would consider relocating for a job opportunity; up from 39 percent in March.
Starting a Business
An increased number of job seekers have adopted an "if you can't find a job, create one" way of thinking. Nearly three-in-ten workers (29 percent) who have not found jobs are considering starting their own business; up from 25 percent in March.
The competition for a smaller number of jobs is driving some workers to alter their everyday appearances in hopes of making a stronger impression. More than a quarter (28 percent) of workers who were laid off in the last 12 months said they have changed their appearance to make themselves more attractive to potential employers. Fourteen percent said they have lost weight, 8 percent have changed their hair color or hairstyle and 5 percent are dressing to appear younger. Teeth whitening, enhanced makeup and cosmetic procedures were also cited.
Comparing genders, both men and women indicated making changes to their appearances in hopes of appealing to potential employers, at 26 percent and 30 percent, respectively.