Press Releases

Posted 1 week 2 days

NEARLY 700,000 TEENS FIND JOBS; HIGHEST GAINS SINCE 2013
The number of teenagers finding summer jobs surged in June, as employment among 16- to 19-year-olds increased by 691,000. It was the biggest June job gain for teens since 2014, according to tracking by global outplacement consultancy Challenger, Gray & Christmas, Inc.

The 691,000 employment gains recorded last month represents a 13 percent improvement over June 2015, when 609,000...

Posted 2 weeks 1 day

The pace of chief executive officer departures slowed to the lowest level since February, as 97 CEOs left their posts in June. That was down 3 percent from 100 in May and 5 percent from the 102 who left their posts in June of last year, according to a report released Wednesday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

For the quarter, departures totaled 305, 4.7 percent fewer than the preceding quarter, when 319 CEOs left their posts...

Posted 3 weeks 1 day

Employers announced plans to cut payrolls by 38,536 jobs in June, an increase from May, but still well below the 12-month average and indicative of a positive employment environment, according to the report released Thursday by global outplacement consultancy Challenger, Gray & Christmas, Inc.
The June job-cut total is 28 percent higher than May, when planned layoffs fell to a five-month low of 30,157.

“Job cut announcements were up last...

Posted 1 month 1 day

Whether it’s called the gig economy, the sharing economy or freelance nation, the way a growing number of Americans are piecing together a living is leading to a new employment landscape; one in which the concepts of work and the workplace are being entirely redefined.

A new outlook from the employment authorities at global outplacement consultancy Challenger, Gray & Christmas, Inc., predicts that the arrival of platforms like Uber, AirBnB, and Spinlister, along...

Posted 1 month 6 days


On the surface, some of the recent economic data might look like the recovery is stalling, but the trends, in fact, may be the result of the shrinking pool of available talent.

The Bureau of Labor Statistics monthly employment situation report was received with much trepidation, as job creation slowed to just 38,000 new jobs on employer payrolls. However, as pointed out by Bloomberg News (...

Posted 1 month 1 week

As the economy and employment situation continue to improve, job seekers are finding better jobs and finding them more quickly. Now, after years of underemployment or being “stuck” in undesirable jobs, there is mounting evidence that, despite the risks and challenges, a growing number of Americans are seeking employment while employed.

The latest evidence of the employed job search comes from global outplacement consultancy Challenger, Gray & Christmas, which...

Posted 1 month 2 weeks

Turnover among the nation’s chief executives fell in May as 100 CEO departures were announced during the month. That was down 7 percent from 108 in April, according to a report released Wednesday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

The May total was 11.1 percent higher than the same month a year ago, when announced CEO departures totaled 90. Last month marked the fourth time this year that departures exceeded...

Posted 1 month 3 weeks

The number of teenagers finding jobs in May declined for the second consecutive year, as a growing number of this population either struggles to find summer employment or simply abandons the traditional labor force.

Employment among 16- to 19-year-olds increased by 156,000 in May, according to an analysis of the latest Bureau of Labor Statistics data by global outplacement firm Challenger, Gray & Christmas, Inc. The job gains in May were 14...

Posted 1 month 3 weeks

The number of job cuts announced by U.S.-based employers fell sharply in May, with a total of 30,157 planned workforce reductions recorded during the month, according to the latest report released Thursday from global outplacement consultancy Challenger, Gray & Christmas, Inc.

The May total was 53 percent lower than the 64,141 job cuts announced in April. It represents the lowest monthly total since last December, when 23,622 job cuts were...

Posted 2 months 4 days

Memorial Day weekend will kick off what is expected to be one of the busiest summer travel seasons in recent history, thanks to low gas prices and cheaper air fares. The increased number of Americans vacationing should result in increased hiring in areas and industries where tourists will congregate, according to a new outlook from the employment authorities at global outplacement and executive coaching consultancy Challenger, Gray & Christmas, Inc.

“Several...

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