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The latest news, trends and information to help you with your recruiting efforts.

Posted February 03, 2014 by

Hot Job Sectors Are Technology, Pharmaceutical, Health Care, Aerospace, Defense, Financial Services

John Challenger of Challenger, Gray & Christmas

John Challenger of Challenger, Gray & Christmas

After climbing to a three-year high in 2012, planned job cuts announced by firms in the technology sector declined by 32 percent in 2013 as employers focused on hiring in several growing areas, including big data, cloud computing and security, according to a semi-annual report on tech layoffs released Monday by global outplacement firm Challenger, Gray & Christmas, Inc.

United States-based employers in the computer, electronics and telecommunications industries announced 56,918 planned layoffs in 2013, representing 11.2 percent of the 509,051 job cuts recorded during the year.  That was down from a 2012 total of 83,213, which was 15.7 percent of the 523,362 job cuts announced that year.

The heaviest job cutting occurred in the computer industry, where 35,136 workers were cut from payrolls.  That was 24 percent fewer than the 46,164 computer-industry job cuts in 2012.  Annual job cuts among electronics saw the biggest decline, plunging 42 percent from 14,191 in 2012 to 8,830 last year. (more…)

Posted May 02, 2013 by

Fewer Job Cuts in April But Sequestration, Consumer Spending Are Concerns

John Challenger of Challenger, Gray & Christmas

John Challenger of Challenger, Gray & Christmas

Job cuts fell to their lowest level since December, as U.S. employers announced plans to trim payrolls by 38,121 in April, according to the latest report on downsizing activity released Thursday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

April job cuts were 23 percent lower than March, when announced layoffs totaled 49,255.  They were 6.0 percent lower than the 40,559 planned job cuts announced in April 2012.  April represents the lowest job-cut month since last December, when 32,556 were tracked by Challenger. (more…)

Posted April 04, 2013 by

Increased Layoffs in Q1 Led by Retail, Government Woes

John Challenger of Challenger, Gray & Christmas

John Challenger of Challenger, Gray & Christmas

The nation’s employers reported job cuts totaling 49,255 in March, a decline of 11 percent from the 55,356 cuts announced in February, according to the latest report on downsizing activity released Thursday by global outplacement consultancy Challenger, Gray & Christmas, Inc.  Despite the decline, quarterly job cuts reached their highest level since 2011.

March job cuts were 30 percent higher than a year ago, when employers announced plans to shed 37,880 workers from their payrolls.  This marks the second consecutive month and the fourth time in the last six months that the job-cut total was higher than the year-ago figure.

Employers have now announced 145,041 job cuts through the first three months of 2013.  That 5.6 percent higher than the previous quarter’s 137,361 job cuts and 1.4 percent higher than the 143,094 job cuts announced in the first quarter of 2012.  The first-quarter total is, in fact, the highest quarterly tally since 233,258 job cuts were tracked in the third quarter of 2011. (more…)

Posted March 07, 2013 by

Federal Government Budget Woes Lead to Woes in Job Markets

John Challenger of Challenger, Gray & Christmas

John Challenger of Challenger, Gray & Christmas

Planned job cuts increased for the second consecutive month in February as U.S.-based employers announced workforce reductions totaling 55,356, up 37 percent from 40,430 in January, according to the report released Thursday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

The February total was 7.0 percent higher than the 51,728 job cuts announced the same month a year ago.  It was the highest monthly tally since last November, when announced layoffs reached 57,081.  (more…)

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 03, 2013 by

Private Sector Employment Increased Whopping 215,000 in December

2001-12 Change in Total Nonfarm Private Employment

2001-12 Change in Total Nonfarm Private Employment

Private sector employment increased by 215,000 jobs from November to December, according to the December ADP National Employment Report®, which is produced by Automatic Data Processing, Inc. (ADP®), a leading provider of human capital management solutions, in collaboration with Moody’s Analytics. The report, which is derived from ADP’s actual payroll data, measures the change in total nonfarm private employment each month on a seasonally-adjusted basis. The November 2012 report, which reported job gains of 118,000, was revised upward by 30,000 to 148,000 jobs.

Goods-producing employment rose by 28,000 jobs in December as a large gain in construction jobs of 39,000 more than offset the 11,000 decline in manufacturing employment. Service-providing jobs increased by 187,000. Among the service industries reported by the ADP National Employment Report, trade/transportation/utilities services had the largest gain with 53,000 jobs added over the month. Professional/business services added 37,000 jobs and financial activities added 14,000 jobs in December. (more…)

Posted January 03, 2013 by

December Layoffs Lowest Since 1997

John Challenger of Challenger, Gray & Christmas

John Challenger of Challenger, Gray & Christmas

After three consecutive months of  increased layoff activity, the number of  planned job cuts announced in December plunged to 32,556, the second lowest monthly total of 2012.  Overall, the year ends with the lowest 12-month job-cut total since 1997, according to the latest report from global outplacement consultancy Challenger, Gray & Christmas, Inc.

The 32,556 planned job cuts announced last month were 43 percent fewer than the 57,081 November cuts.  The December total was 22 percent lower than a year ago, when employers announced 41,785 in the final month of the year.  The only month in 2012 to see fewer job cuts than December was August, when job cuts totaled 32,239.

Despite the December decline, planned layoffs in the fourth quarter were up 33 percent from the previous quarter.  Employers announced 137,361 job cuts in the final three months of year, compared to 102,910 in the third quarter.  The third-quarter total was the lowest quarterly total since 81,568 job cuts were announced in the second quarter of 2000. (more…)

Posted December 06, 2012 by

Looting of Hostess by Management, Shareholders Cause National Layoffs in November to Increase Rather Than Decrease

Rick Cobb, executive vice president Challenger, Gray & Christmas

Rick Cobb, executive vice president Challenger, Gray & Christmas

Job cuts increased for the third consecutive month in November, as employers announced plans to shed 57,081 workers from their payrolls.  That was up 20 percent from the previous month when announced layoffs totaled 47,724, according to the latest report from global outplacement consultancy Challenger, Gray & Christmas, Inc.

November cuts were 34 percent higher than the 42,474 job cuts announced by employers in the eleventh month of 2011.  Last month was only the fourth time this year that job cuts exceeded 50,000.  (more…)

Posted November 01, 2012 by

Job Cuts Up From September But Down From a Year Ago

John Challenger of Challenger, Gray & Christmas

John Challenger of Challenger, Gray & Christmas

Planned job cuts by U.S.-based employers surged 41 percent in October to 47,724, as a spate of layoff announcements in the wake of weak quarterly earnings reports helped push downsizing activity to its highest level in five months, according to the report on monthly job cuts released Thursday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

The October surge follows a relatively mild September, during which employers announced 33,816 job cuts, which was the second lowest monthly total in the last 22 months.  October was the highest job-cut month since May, when 61,887 planned layoffs were announced.  It was up 12 percent from the same month a year ago, when employers announced plans to trim payrolls by 42,759 workers.   (more…)

Posted September 06, 2012 by

August Job Cuts Down 12.5% From July; Fewest Since December 2010

Employers announced plans to shed 32,239 workers from their payrolls in August. It was the fewest number of monthly job cuts by US-based firms since December 2010, when layoffs totaled 32,004, according to the latest job cuts report released Thursday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

August job cuts were down 12.5 percent from a July total of 36,855, making it the third consecutive decline in monthly job cuts. Last month was 37 percent lower than August 2011, when employers announced plans to eliminate 51,114 positions from their ranks. (more…)