A long line of white-collar workers, with a caution sign indicating slow movemen

Over the past year or so, pretty much everyone who's looked for a job has told me the same thing: The job market is brutal right now. They've applied to dozens if not hundreds of openings, only to get one or two callbacks. No one's hiring, they tell me. I've never seen it this bad.

Listening to them, you'd think we were in the middle of a recession. But the confusing thing is we're nowhere close to one. Unemployment is near a five-decade low. The economy is adding hundreds of thousands of jobs each month. Wages are growing faster than inflation. By all the standard measures, the job market is doing just fine. So why am I hearing such a different story from people on the ground?