Press Releases

Posted 4 years 10 months

The pace of turnover among the nation’s chief executive officers increased in August, as 119 CEOs announced their departures during the month, according to a report issued Wednesday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

The August total was up 13.3 percent from the 105 CEO departures recorded in July. It was 5.3 percent higher than the 113 CEO changes announced the same month a year ago. Last month’s total was the highest August...

Posted 4 years 10 months

Planned job cuts announced by US-based employers totaled 40,010 in August, a 15 percent decline from the 46,887 planned layoffs reported in July, according to the report released Thursday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

The August total was 21 percent lower than the same month a year ago, when 50,462 job cuts were announced. This marks just the fourth time this year that the monthly total was lower than the comparable...

Posted 4 years 10 months

ENCOURAGED BY IMPROVING JOBS PICTURE, MORE REENTER THE LABOR POOL FINDING A JOB STILL NOT EASY, BUT THESE TIPS SHOULD HELP

In August 2014, about three million Americans re-entered the labor pool, reigniting their job searches after weeks or months of sitting on the sidelines. The reemergence of these job seekers was enough to bump the unemployment rate up to 6.2 percent from the previous month’s reading of 6.1 percent.

As the economy and job market...

Posted 4 years 11 months

Labor Day Survey Shows Labor Harder to Find
MORE THAN THREE-QUARTERS ATTEST TO GROWING TALENT SHORTAGE

While some metropolitan areas are still struggling to create jobs, a growing number of cities and employers are beginning to face the one downside of continued economic expansion: labor shortages.

For long-time job seekers still struggling to find employment, the idea of labor shortages may seem laughable, but in a new survey 77 percent of human...

Posted 4 years 11 months

The NFL regular season kick-off is still three weeks away, but millions of fantasy football participants across the country are already in high gear, pouring over player statistics, injury reports and analyzing pre-season game performance in preparation for their upcoming drafts.

With an estimated 31 million working-age Americans participating in fantasy football, it is likely that some of this draft preparation, not to mention the ongoing team management through...

Posted 4 years 11 months

The pace of turnover among the nation’s chief executive officers was virtually unchanged in July, as 105 CEOs announced their departures during the month, according to a report issued Wednesday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

The July total was up 1.9 percent from the 103 CEO departures recorded in June. It was 17.9 percent lower than the 128 CEO changes announced the same month a year ago.

Through the first seven...

Posted 4 years 11 months

More teenagers found jobs in July compared to a year ago, but it was not enough to lift the overall summer hiring total above last year’s levels, according to an analysis of government employment data by global outplacement consultancy Challenger, Gray & Christmas, Inc.

Employment among the nation’s 16- to 19-year-olds increased by 419,000 in July, a 16 percent improvement from the 361,000 teens hired in July 2013.

However, the year-over-year increase...

Posted 4 years 11 months

The unexpectedly large layoffs announced by Microsoft helped push July job cuts to the second highest level of the year. In all, U.S.-based employers reported plans to reduce payrolls by 46,887 during the month, according to the report released Thursday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

The July total was up 49 percent from June’s 31,434 job cuts, which was the fewest number of cuts announced, year to date. It was 24...

Posted 4 years 12 months

Even before Microsoft announced plans to reduce its workforce by 18,000, a new report shows that job cuts in the technology sector were well ahead of last year’s pace.

Through the first half of 2014, employers in the technology sector announced plans to cut payrolls by 48,402, 68 percent more than the 28,883 announced layoffs in the first six months of 2013, according to a special mid-year report on technology-sector job cuts released Monday by global outplacement...

Posted 5 years 1 week

5.5% OF JOB SEEKERS STARTED A BUSINESS IN FIRST HALF OF 2014

An improving economy should lower the barriers to starting a business. However, it also means that more companies are hiring. Faced with the choice between entrepreneurship and traditional employment, a new survey indicates that less than 6.0 percent of out-of-work managers and executives were willing to give self-employment a shot in the first half of 2014.

Over the first and second quarters of...

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