Even some qualified Gen Xers are struggling with getting selected for open jobs.

Despite having necessary education and workplace requirements on a professionally-built resume, it's becoming difficult for a lot of people to find employment, whether it be part-time or full-time positions. Some are even sending out dozens or even hundreds of applications and not getting picked for the job or not hearing back at all from employers. This is also making college-educated individuals think that their degrees are useless.

Hank Lewis, Associate Professor of Economics at Lone Star College-University Park, said there are a handful of reasons for why this is the case.

"Sometimes people get persuaded to go to college and take out loans for degrees that would've been good five years ago," Lewis said. "The market is changing and the universities unfortunately don't always adapt to the current situation."

Lewis said that recruiters are also using artificial intelligence to filter through the resumes they receive for their posted jobs.

"The problem is, if your resume is not optimized for the filter to pick up your skills that match certain jobs, you're going to get rejected by not actually being looked at by a human being," said Lewis.

Another issue with people not getting hired is what's called "ghost postings." Some companies will put up open jobs for people to apply to so they can take in different resumes, but there's no actual open position.

"We have a mixture of these things happening all at once that is making finding a job, even for well-qualified applicants, a lot harder," Lewis said.

Recruiters are trying out ways to take on younger workers with proper experience at a discount salary, rather than hiring someone with multiple years of experience at a lot more money.

Michael Berry