Americans’ perception of the job market instead dropped last month to its most pessimistic level in more than a decade, according to a new Gallup poll that shows nine out of 10 respondents think it’s a “bad time” to find a quality job. Meanwhile, only 8 percent think its a “good time” to be submitting job applications.
Each number matches the worst rating in the 11 years that Gallup has asked the question, but never before have the two hit those ultra-pessimistic marks in the same month. Perhaps the only silver lining in the report is that young people are slightly more optimistic than the national average, with 83 saying it’s a bad time to find a good job (15 percent said it’s a good time).
On the other hand, among the most pessimistic are those with postgraduate degrees who already have or are seeking a job — 96 percent of whom reported a negative assessment of the current labor market. Apparently, those top-notch degrees aren’t translating into the type of top-notch positions many of them had been expecting.