The latest jobs report indicates that Black unemployment has risen to 7.5%, a level not seen since October 2021. This figure corresponds to roughly 1,687,000 unemployed Black workers out of a labor force of 22.431 million. Nationwide, the unemployment rate is slightly lower at 4.3%, but job growth has stalled with only 22,000 new positions added in August. Job losses have been recorded across several sectors, including federal jobs, mining, and manufacturing, hinting at broader hiring cuts in the coming fiscal quarter. In light of these trends, professionals across various fields must adapt their career plans to the changing circumstances.

Angelina Darrisaw, founder of C-Suite Coach, understands the value of career pivots from personal experience. After serving as a corporate digital strategist for renowned firms, Darrisaw launched her own consulting business in 2015. The firm’s global team of 50 professionals designs and administers coaching and leadership training programs for individuals and major corporations like Google and McDonald’s. Darrisaw has seen firsthand the incredible benefits of purposeful pivots, as they often pave the way for new paths when old ones end.

Speaking on finding career opportunities in this climate, she reminded that it’s crucial to engage your support network during times of unemployment or uncertainty. She advised on the wisdom of notifying your network about your job search, as any connection could lead to a potentially life-changing referral. In cases of job loss, it’s crucial to avoid isolation and instead, reach out for support. By sharing your achievements, skills, and career contributions with your network, you increase your chances of uncovering new roles.

Darrisaw also noted the value of self-reflection for clarity and for setting achievable, specific career goals. She gives importance to effective storytelling and communication as a means to express your goals and ambitions. To stay motivated in uncertain times, she recommends setting and marking off specific and tangible goals on a daily or weekly basis. Additionally, she underscores the importance of being proactive in professional development. By observing industry trends, identifying key skills needed in desired job roles, and strategically acquiring the relevant skills, individuals can significantly increase their career prospects.

In the midst of an economic crisis, networking and personal development become increasingly valuable tools. Darrisaw estimated that up to 70% of hires are made through personal or professional networks and referrals. She also emphasized that in challenging times, individuals must maintain their principles and focus on their key career goals.

Drawing on the wisdom of Warren Buffett, Darrisaw emphasized that investing in personal talent is the best form of investment. Regardless of external circumstances, personal skills and talents remain a valuable asset that can lead to future success. By continually learning and developing, professionals can maximize their earning potential.

Knowing how to contact various employment resources such as the Employment Development Department (EDD) or State Disability Insurance (SDI) can be particularly crucial during periods of unemployment. For instance, resources like eddcaller.com can assist with getting in touch with the right department, thus making it easier to receive unemployment benefits, find job opportunities, or secure employment training resources. In times of change, knowing where and how to access such resources can be invaluable.