After months of submitting resumes and filling out applications, many unemployed Americans have given in to despair. Dozens of large companies all over the nation have been conducting mass layoffs, and the competition for any good jobs that do happen to be available has become extremely intense. But if you have not lost your source of income, things may still seem fairly normal to you and you may be wondering what all of the fuss is about. That is why I am calling this “the musical chairs economy”. If you have been able to hold on to a chair each time the music stops playing, that is a good thing. But you should also realize that there are millions of Americans that have been forced out of the game and are absolutely desperate to get back in.
Earlier today, I came across a social media post from a discouraged job seeker that really tugged at my heart…
In recent months I have heard so many stories like this.
Very highly qualified individuals feel like they are banging their heads into a wall because they can’t find work no matter how hard they try.
One unemployed worker named Tim Rogers that has been out of work for five months feels like the job applications that he is constantly submitting are going straight “into the abyss”…
I got laid off five months ago. Every morning I drink a pot of coffee while I write cover letters, tweak my résumé, and submit job applications into the abyss, knowing they will likely never be seen by human eyes—only crawled by the cold, lifeless algorithms of an artificial intelligence. I feel like General Zod from Superman, floating off into space trapped inside a two-dimensional phantom zone, screaming in silence about my job qualifications and core competencies.
The job market is a mess. The old system is broken and a functioning replacement has yet to fully emerge. We’re stuck in the between years—a dystopian digital doomscape that has job seekers and hirers picking through a landfill of A.I.-generated garbage and longing for the halcyon days of an analog past.
Some people are firing off hundreds or even thousands of resumes without hearing anything at all.
It can be extremely depressing when you feel like you are trying as hard as you can but you aren’t getting anywhere.
One woman that was laid off by Oracle in November 2023 still hasn’t been able to find work after more than two years…
I started at Oracle in January 2020 as a site reliability engineer. In November 2023, I started hearing that my Oracle coworkers were getting pulled into Zoom meetings and told they had been laid off. I hoped I wouldn’t be next, but I was. My entire team was let go.
I didn’t start looking for work right away because I’d received some severance pay, and I’d heard it was difficult to land a tech role during the holiday season. I took some time to reassess what I wanted from my career and began my job search in February 2024.
I was optimistic at first because most of my prior job searches hadn’t taken too long. As the months dragged on, it became clear I had the wrong impression of the tech hiring landscape.
More than two years after being laid off, I’m still unemployed.
It is January 2026 now.
After being unemployed for so long, her value in the marketplace has declined dramatically.
In this environment, it is so helpful to have a personal contact that can help you land a position.
Because in so many cases, the resumes and applications that job seekers fire off to potential employers are not even looked at by human eyes…
You did everything they told you to do. You earned the credentials, spent hours on your resume and revised multiple cover letters. You worked side gigs, volunteered, learned new software and perfected your LinkedIn profile. Yet, you can’t get a callback for an interview.
It’s as if your application vanished into the abyss of a company database, and the “thank you for applying” emails are piling up. So-called entry-level jobs now need years of experience, and junior roles expect postgraduate degrees.
You are likely wondering what you’re missing, but it’s not you — it’s the system. Across the United States, Canada and United Kingdom, automation now does the screening before a human ever has a look. Companies say they can’t find talent, yet many have stopped training people.
Unfortunately, it appears that conditions will become even harsher during the months ahead because things are certainly trending in the wrong direction.
In November, the number of job postings in the United States was the lowest in 14 months, and it was also the second lowest in nearly five years…
The number of postings in November was the fewest since September 2024. But outside that month, it was the lowest in nearly five years.
Open jobs in November fell sharply in shipping and warehousing, restaurants and hotels, and in state and local government.
As the job market continues to dry up, it is going to have enormous implications for the economy.
Americans just don’t have as much discretionary income as they once did, and as a result large retailers are closing locations all across the country.
And with fewer potential buyers floating around, home prices are starting to fall…
Housing market anxiety is spreading — with 26 of the country’s 50 biggest metro areas now seeing home prices lower than they were a year ago.
For the first time in nearly three years, the median US listing price has also slipped below $400,000, a key psychological level that had held firm since the pandemic boom, according to Realtor.com.
It appears that our housing bubble is starting to burst.
Sadly, home prices are declining the fastest in some of the markets that were once the hottest…
Worst is Austin, TX, where prices have plunged 7.3 percent over the past year to $462,000, the biggest drop of any major metro.
The pain is spreading well beyond Texas. Prices are down 6.7 percent in San Diego, CA slipping to just under $900,000, while nearby San Jose has seen values fall 5.5 percent to $1.19 million.
Needless to say, what we are currently experiencing is just the beginning.
Many of the economic trends that made big news in 2025 will continue to accelerate in 2026.
So if you are out of work right now, I would grab whatever you can, because competition for jobs is only going to get even fiercer during the months ahead.
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