Dear Economist: Why do I suddenly have six job offers?

For the past year I’ve been looking for a new job in banking. No matter what I did or to whom I talked, there were no opportunities and I received nothing but rejections.

One month ago, it began to turn. As of this week, I have five job offers – as well as one internal opportunity. How could this happen? Yes, the economic situation has improved, but can that explain the leap from zero to six offers? If so, aren’t employers completely irrational in their hiring policies? As my supply is completely inelastic, their increased demand means that they now have to pay a significant mark-up compared with six months ago. Are employers just bad at planning or is there another reason why my dry spell has come to such a sudden and inflationary end?

In Demand

The answer to this question can be read here. Please post comments below.

The Undercover Economist: a guide

Publishing schedule: Excerpts from "The Undercover Economist" and "Dear Economist", Tim's weekly columns for the FT Magazine, are published on this blog on Saturday mornings.
More about Tim: Tim also writes editorials for the FT, presents Radio 4's More or Less and is the author of "The Undercover Economist" and "The Logic of Life".
Comment: To comment, please register with FT.com, which you can do for free here. Please also read our comments policy here.
Contact: Tim's contact address is: economist@ft.com
Time: UK time is shown on posts.
Follow: A link to the blog's RSS feeds is at the top of the page.
Follow on Twitter
FT blogs: See the full range of the FT's blogs here.