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Posted January 31, 2013 by

January Job Cuts 24% Lower Than a Year Ago

John Challenger of Challenger, Gray & Christmas

John Challenger of Challenger, Gray & Christmas

The nation’s employers announced plans to cut payrolls by 40,430 jobs in January, up 24 percent from 32,556 in December, according to the latest report on planned job cuts released Thursday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

While January job cuts were up from the previous month, they were 24 percent lower than the 53,486 layoffs announced by employers the same month a year ago.  This was, in fact, the third lowest January total in Challenger records going back to 1993.  The only years to see fewer January job cuts were 1995 (38,962) and 2011 (38,519). (more…)

Posted January 16, 2013 by

Optimism By Employers: India Most and Italy Least

Matt Ferguson, CEO of Careerbuilder

Matt Ferguson, CEO of Careerbuilder

A new job forecast for the 10 largest world economies tells a tale of both confidence and caution. Brazil and India are voicing the greatest confidence with more than two-thirds of employers in these markets planning to add full-time, permanent headcount in 2013. Italy is the least optimistic, housing more employers who expect to decrease staff than those who expect to hire.

“The job outlook presents varying degrees of growth and deceleration as governments and businesses strive to rebuild and expand and deal with large deficits,” said Matt Ferguson, CEO of CareerBuilder. “Hiring activity in the BRIC countries (Brazil, Russia, India and China) is projected to be significantly higher than other markets while recruitment in Europe remains sluggish as leaders struggle to resolve a debt crisis that has global implications. The overall hiring picture is improving, but companies will remain watchful as they navigate headwinds and maneuver through somewhat precarious economic terrain.” (more…)

Posted August 28, 2012 by

Of all workers laid off from 2009 to 2011, just 56.9% had jobs as of January 2012

John Challenger of Challenger, Gray & ChristmasLabor Day kicks off what is typically a more volatile employment environment, as companies adjust payrolls to align with year-end goals and plans for the coming year.  This makes it the ideal time for workers and job seekers alike to reboot their efforts to find or keep a job, according to the workplace authorities at global outplacement and executive coaching consultancy Challenger, Gray & Christmas, Inc.

“For many companies, business activity declines during the summer months, as sales slow and key decision makers take off for vacations.  The pace tends to quicken as the year comes to a close as companies scramble to hit earnings goals and establish objectives for the new year.  As a result, it is not unusual to see a flurry of employment changes in the final four months of the year,” said John A. Challenger, chief executive officer of global outplacement consultancy Challenger, Gray & Christmas, Inc.

Following the worst economic meltdown since the Great Depression, it should come as no surprise that this has been one of the worst recoveries.  That point was recently driven home by two reports confirming just how weak this recovery has been. (more…)