Job-hunting in the current labor market can be a daunting prospect, especially as other candidates pursue the same openings. 

Competition has ramped up this year as LinkedIn job listings in all 50 states have seen increases in the number of candidates seeking consideration for roles, Resume.io reported in a new study.

The study determined the states where job seekers face the most competition with their applications and provided other findings such as those on global job markets. The resume-focused platform analyzed some 40,000 LinkedIn listings in America for its U.S. rankings and over 104,000 total.

Washington ranked No. 1 out of the 50 states for “most competitive U.S. job market” because positions in the Evergreen State attracted 41 applicants on average within seven days, per the study.

US ECONOMY ADDED 142,000 JOBS IN AUGUST, MISSING EXPECTATIONS

Seattle experiencing surging competition contributed to Washington taking the top spot, Resume.io reported. Jobs there were notching an average of 40.9 resumes in their first week, marking a 445.4% jump from 2023 and earning it the global top spot, the study said.

In second place was Colorado. Job postings in that state averaged 28.11 applicants in their first week of being live on LinkedIn, according to the study.

Boulder CO

Massachusetts, the state that Resume.io dubbed the third-most competitive, was not far behind at 27.81.

A view of the Boston skyline.

Two other Northeastern states – New York and its neighbor, New Jersey – also made the top five for job competition. In the Empire States, an average of 25.49 people applied for each job in the first week. New Jersey’s average was 25.37.

Competition growth rates for the five top states also varied quite a bit, with Washington’s jumping 419% from 2023 and Colorado’s rising 70.4%, for example.

Man and woman shake hands over coffee.

Meanwhile, the five states found to host the least competitive job markets included Wyoming, Alaska, South Dakota, North Dakota and Montana. Job postings in those states tended to field an average between 3.64 to 4.5 candidates in the first week, Resume.io’s survey found.

US JOB MARKET IN ‘BAD SHAPE,’ EXECUTIVE RECRUITER SAYS

Separate data from Workday suggested job hunters will face the most competition from other candidates for roles within communications, media and technology, financial services and certain other industries.

Across the U.S., the unemployment rate hovered at 4.2% in August, according to the federal government. The labor force participation rate was 62.7%.

Read the full article here

Subscribe to our newsletter to get the latest updates directly to your inbox

Please enable JavaScript in your browser to complete this form.
Multiple Choice
Share.

In Debt Weekly

2024 © In Debt Weekly. All Rights Reserved.