America’s job-search paradox: The people who really need jobs get the worst offers

The job market is the tightest it’s been in almost 20 years — but that doesn’t make it any easier for people currently without a job to find a good one.

While fewer jobs were added in March than economists expected, the unemployment rate remained at a 17-year low of 4.1%. With the number of job openings hitting record levels, observers argue that the unemployment rate could drop even lower in coming months.

Nevertheless, unemployed job hunters are at a significant disadvantage compared to their peers who are already holding a job, according to a recent analysis from researchers at the Federal Reserve Bank of New York and Columbia Business School.

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