Given the massive drop in JOE listings on the econ JM, here is some source of hope: if you are a candidate that goes into the private sector this year and you apply to return to academia next year, I will take that as a strong signal of your commitment to research #econtwitter
Last year, I did the job market interviews for my university (@kingsatwestern) and it was painful because I had to say "no" to very decent candidates. One of the main deciding factors for us was the commitment to research and teaching abilities.
Sorting research potential is *particularly* hard and so we looked for signals regarding persistence of efforts in the future. Personally, if somebody accepted a job during the market in the private sector and then tried to return, I would see that as a strong signal.
Indeed, it would tell me a) your trade-off between $$$$/research-fun; b) you probably spent doing research outside work hours; c) you are probably a grinder. Three great signals.
I say this because everyone is piling on the bemoaning about the state of the market (and they are right) but I want to give out hope.
CC. @causalinf
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