Challenger, Gray & Christmas Blog
Once again, much of the focus on today’s employment situation report fell on the participation rate, which tumbled to 62.6 percent, the lowest since the late 1970s. However, a closer look at the numbers reveals that for the two-thirds of the civilian labor force in their prime working years of 25 to 54, the participation rate is only 4.0 percentage points off of historic highs reached in dot.com heydays.
The overall participation rate is being dragged down by the... more
- Las Vegas keeps a book of people prohibited from entering, managing or owning a casino. A state that has legalized gambling doesn’t want to risk additional federal regulations. In the early 60s public officials in Nevada were under intense federal pressure to curb the influence of organized crime in the operation of Las Vegas casinos. The Nevada Gaming Control Board created a black leather-bound book where the names of people with a “notorious or... more
Even as the economy improves and talent becomes more difficult to find, employers remain selective when it comes to adding entry-level workers. As a result, internships have become increasingly vital when it comes to securing post-graduation employment.
“Internships are more important than ever, but not all internship programs are created equal. Many employers do not have any type of strategy when it comes to utilizing and educating their interns. In these... more
Teenagers seeking summer employment are expected to enjoy a better job market this year, according to a recent outlook by global outplacement consultancy Challenger, Gray & Christmas, Inc.
While most of the available jobs are in traditional places, such as retail, recreation, and food service, teenagers should look for employment off the beaten path, advises John A. Challenger, chief executive officer of Challenger, Gray & Christmas.
“The Internet has... more
Senator Elizabeth Warren (D-Mass.) continues to press President Obama this week over terms of the Trans-Pacific Partnership trade agreement, which the president is trying to fast track through Congress. Warren’s concerns include potential stipulations that may make it easier for multinational corporations to move jobs overseas, thus negatively impacting the US economy and wages, while also weakening labor and environmental regulations. Warren’s biggest concern is over the... more