John Challenger
John Challenger
Challenger, Gray & Christmas, with headquarters located in Chicago, Illinois, is the oldest executive outplacement firm in the US. It has offices throughout North America...
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Those are two areas of the economy that should be perking up right now if we were in a recovery mode, ... Normally, businesses hire temp workers and work their employees longer -- this drop is of real concern and raises the specter of a double-dip recession.
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Business owners have been burned by the recession in the past, so they'll take on some temporary staff and then convert them to full time when they know the recovery is for real.
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Many are waiting with bated breath to see if the economy continues to add jobs at the rate it did in March. If it does not, it could be serious blow to consumer and business confidence, thus slowing the momentum of the recovery again.
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Consumers are said to have more income (including the Bush tax cut), but are spending less. That may be the strongest indication that recovery from the current situation may be longer off than Wall Street analysts expect.
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It may seem as if the light at the end of the economic recovery tunnel keeps getting farther away, but our research has shown that there are opportunities for the growing numbers of Americans who suddenly find themselves unemployed,
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The pattern of job cutting that we saw in the third quarter mirrors what we have been seeing almost daily in the various economic and corporate earnings reports, which is to say one report suggests the economy is headed toward recovery while the next seems to hint that we are stuck in recession,
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We typically see higher job cuts in January as companies set into motion business plans and employment needs for the new year.
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With job-cut figures surging, you would expect to see long lines at the unemployment offices and at every location looking to hire,
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With fewer job cuts last month and virtually no let-up of demand for skilled workers across all industries, one would expect far more wage pressure than has been seen,
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With factors like technology, outsourcing and consolidation working against job creation, any job market rebound we see in the near future will be relatively small,
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It would appear, ... that many of the smaller, more independent dot.com firms have been swallowed up by their larger competitors or have fallen into bankruptcy and eventual closure.
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These sectors may continue to see high chief executive turnover in light of what will most likely be categorized as a lackluster holiday shopping season.
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These ... factors are going to keep hiring from taking off in 2004. Job seekers certainly should not expect to see a repeat of the tremendous job expansion of the mid-to-late 1990s.
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The strong economy prompted ambitious yearly plans on the part of many companies, especially those in consumer goods manufacturing, ... In order to meet those goals, as well as to stay competitive in today's global 24-hour economy, several companies in the poll have added or plan to add third shifts, creating the need for even more workers.