Press Releases

Posted 5 years 3 weeks

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 5 years 1 month

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 5 years 1 month

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 5 years 1 month

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 5 years 1 month

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 5 years 1 month

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 2 months

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...

Posted 5 years 2 months

The pace of turnover among the nation’s chief executive officers rose in June, as 103 CEOs announced their departures during the month, according to a report issued Wednesday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

The June total was up 5 percent from the 98 CEO departures recorded in May. It was 9.6 percent higher than the 94 CEO changes announced the same month a year ago.

Through the second quarter, US-based companies...

Posted 5 years 2 months

After getting off to a strong start in May, job gains among teenagers stumbled in June, as employers hired 15 percent fewer 16- to 19-year-olds than a year ago, according to an analysis of the latest data from the Bureau of Labor Statistics by global outplacement consultancy Challenger, Gray & Christmas, Inc.

The number of employed teenagers grew by 661,000 last month, which typically represents the peak of the teen summer hiring period. That was down...

Posted 5 years 2 months

After climbing to a 15-month high in May, planned job cuts announced by U.S.-based employers in June plunged 41 percent to 31,434, the lowest one-month total so far this year. Through the first half of 2014, the pace of job cutting is down 5.0 percent from a year ago, according to the report released Thursday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

June job cuts were 20 percent lower than the same month a year ago, when employers...

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