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unemployment rate, which soared to double digits after the Great Recession of 2008-2009, has remained remarkably low, hovering around 4% since the onset of the pandemic. As a result, job postings linger for months without being filled, and interviews drag on with no clear end in sight. Why Should You Care?
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When I first heard this phrase our country was in the throes of the 2008 / 2009 financial crisis and things looked very bleak for our country. External costs* are items such as agency fees, advertising costs (job boards), technology costs (recruiting software), job fairs, sign-on bonuses, or other recruitment event costs.
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