What will the job market look like in 2021?
It is predicted that the current unemployment rate will continue to drop (5.8%) till the end of the year. Yet the market will remain very competitive with millions of people looking for jobs and more opportunities. The other trends of the market include more flexible working schedules and remote work, the growing number of digital nomads and freelancers, high interest in computer-related professions, and many companies moving to the States with better tax policies than California or New York.
The world is slowly recovering after the year 2020 and the job market is not an exception. The current unemployment rate in the USA is 5.8% and it continues to drop. Although it is not as low as in pre-pandemic times, the overall outlook is positive. Other trends include high competitiveness and search for better opportunities in terms of benefits and job security. The trend on remote work will remain relevant even after full vaccination. And many companies may relocate to more business-friendly states and locations
The job market already looks much better in 2021 than in the previous year. The current unemployment rate in the US is still pretty high (5.8%) but it is already almost twice lower than in May 2020 (13%). Overall, there are more positions opened but there is still a huge number of job seekers. The market will remain highly competitive. Computer professionals are in high demand, employees are looking for more job security and remote work options, and companies might continue to relocate.