CareerSolutionsIndy

  This week, Federal Reserve Chairman Jerome Powell announced no rate cut in the federal funds rate, leaving the rate at 5.25 to 5.5 which is the highest in two decades.    Younger generations of workers haven’t see rates like this in their lifetimes, making them cautious about using credit cards and taking out mortgages. But what does this mean for the job market and the impact upon employers’ ability to hire? While  Career Solutions  had a small flurry of hiring by corporate clients in Civil Engineering and Financial Services in December 2023, the year overall continued to be very challenging for employers.   Many job postings did not yield quality candidates and those applying didn’t seem to have read the qualifications.    Worse is that many HR departments and corporate recruiters have come to expect half of scheduled interviews and even starts to become “no shows”. Post-pandemic employment continues to have big challenges.    The retiring generation is too big to be replaced by th