There is no way to sugarcoat this – the job market is challenging for 2020 graduates. According to a USA Today report on August 8th, 2020, “the unemployment rate in the United States stood at 11.1% as of June. While this is a marked improvement from the 14.7% jobless rate in April, it is still higher than at any time in at least the last 70 years. In some U.S. cities – many of which are major economic hubs – the unemployment crisis is far worse than it is nationwide.”
As we shine a spotlight on the language industry, however, we are seeing some promising signs. Slator reported on August 6th, 2020, “the language industry job market is stabilizing after plunging in the wake of the Covid-19 pandemic, according to the Slator Language Industry Job Index (LIJI).” Slator further indicated that “prior to Covid-19, the LIJI started off slow in January 2020, but quickly bounced back with a record high in February 2020. August 2020 is the first month that the LIJI recorded an increase since March 2020, likely due to the ripple effects of Covid-related lockdowns around the world during the five months prior.”
In March, April and May, MIIS students and alumni reported hiring freezes, cancellations of internships and layoffs. The number of interviews I heard about slowed to a trickle. I started to hear more about interviews in late June and July although far from the level I saw in previous years during the same months. In late July and now in August, I have heard good news of May 2020 graduates receiving more than one offers. The main point here is: job search, no doubt, is difficult this year, but the job market is not completely dry.
This is why I decided to interview Xingchen Hu (MATLM 2020) for the first episode of my “This Is What Worked For Me” podcast. I hope how she managed the challenges and her subsequent success in her job search can help those who are still going through the process. Thank you, Xingchen, for sharing your learnings to lift others up.