As of early 2006, approximately 30% of all Internet users visited career websites. It is apparent that the usage of the Internet has become the search tool of choice and consequently far more competitive. CareerPath.com reported that there were 4.9 million resumes posted online in 2002. Today Monster and CareerBuilder alone have more than 100 million resumes posted and there are over 100,000+ job boards. To put this in context there are only 153 million in the workforce, and 130 million of those are now employed. The New York Times reported that only a total of 3-5% of all people seeking new positions will ever find a job off the Internet including scrapers like Indeed, networking sites like LinkedIn and social sites like Facebook.
Average length of Unemployment in 2013
It is widely believed that the reliance on posting resumes online has significantly increased the average length of unemployment. According to the Department of Labor, the average length of unemployment is now 37 weeks, four times what it was four years ago and trending higher with a three fold increase in views for sites like CareerBuilder and Monster over the last four years. CareerXroads’ source of hires 2011 annual report says only one out of 76 online applications ever becomes a hire. Recruiters and hiring managers do not consider the internet to be the most reliable source of finding high quality candidates. 92% claimed that they often receive irrelevant responses to postings, which only prolongs the process for qualified candidates.
If you can reduce your search by one week, you can:
- Make an extra mortgage payment
- Pay for one semester class of your child’s tuition
- Insure your car for two years
- Buy a new computer and printer
- Replace your washer/dryer
- Pay 6 months worth of groceries
- Enjoy a weekend getaway with your spouse
- Have weekly maid service for 6 months
- Cover your dry cleaning bill for a year
- Pay for lawn-mowing services for 10 months
- Replace your entertainment system