August 8, 2024
Are the 2024 elections to blame for the current labor market?
"We've seen a sort of cycle happen every election year," says Emily Levine, executive vice president at Career Group Companies. "This year, the big keyword in this election has been 'weird,' and in response we've seen the job market get a bit weird—unpredictable and slower than usual."
Emily Levine, EVP at Career Group Companies, unpacks how the 2024 election cycle may be fueling a slower, more unpredictable job market—where employers are cautious and candidates are shifting their expectations.
"Hiring managers are taking a lot longer to make hiring decisions and being a lot more cautious when making those decisions," Levine explains. "Employers are also being a lot more conservative with their spending, which also affects the amount of money that they're offering, and this all lends itself to a season of unpredictability overall."
"People are having to really succumb to the preferences of employers," she adds. "Applicants are becoming a lot more flexible with going on-site, whereas they used to draw a hard line in the sand about being remote. That's not what was happening just a year after COVID, when everybody was desperate to hire."
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