“There is certainly an increased level of skepticism among financial professionals,” said Skiddy von Stade, chairman and chief executive officer of OneWire. “As weekly jobless claims remain at heightened levels and competition increases for open positions, finance professionals are willing to be less selective in their searches and consider a broader range of opportunities. It is too soon to tell whether this recovery will ultimately be successful, but conditions for finance professionals clearly remain challenging.”
Despite a willingness to be less selective, 55% of unemployed respondents noted that their job search has lasted longer than six months, whereas last year, only 32% believed their search would last that long. In fact, 67% of all survey respondents indicated that they know at least one person who has been out of work for more than one year.
The outcome of this survey reflects finance professionals’ dissatisfaction with not only the job market, but also with the economic recovery in general and its ability to improve other aspects of their lives. 80% of survey respondents indicated that either their careers or personal finances have worsened since the recession began, whereas only 25% noted that the economic recovery has had a positive impact on those areas.