Press Releases

Posted 5 years 5 months

After nearly five years of slow but steady job gains, the number of Americans out of work for six months or longer has remained stubbornly high. However, according to one employment authority, the jobs recovery is approaching a tipping point that could see a rapid acceleration of hiring among those who have been out of work the longest.

“There are now 30 states where unemployment rates have fallen to pre-recession levels. Many metropolitan areas have unemployment rates well below 5.0 percent and are struggling to find workers to fill job openings. These trends, along with new...

Posted 5 years 6 months

Turnover among the nation’s chief executive officers declined 14.5 percent in February, as 112 CEOs left their posts during the month. While last month’s total was down from 131 CEO departures in January, it was the heaviest February turnover since 2010 when 132 changes were recorded, according to a report released Wednesday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

The February total was 1.8 percent higher than the same month a year...

Posted 5 years 6 months

The 2014 NCAA Division 1 men’s basketball tournament is still about one week away, but the nation’s employers already may be bracing for the inevitable dip in productivity resulting from office pools and online streaming. With an estimated 50 million Americans participating in March Madness office pools, companies stand to lose at least $1.2 billion for every unproductive work hour during the first week of the tournament, according to calculations by global outplacement...

Posted 5 years 6 months

The pace of downsizing declined slightly in the second month of the new year, as U.S.-based employers announced plans to cut payrolls by 41,835 in February. The February total was 7.3 percent lower than the 45,107 job cuts employers announced to kick off 2014, according to the report Thursday from global outplacement consultancy Challenger, Gray & Christmas, Inc.

February job cuts were down 24 percent from the same month a year ago, when 55,356 planned layoffs...

Posted 5 years 6 months

The percentage of job seekers relocating for new positions climbed to its highest level since 2009, as rising home values and the improving job market made it easier to pull up stakes. Increased mobility among job seekers could help accelerate the recovery and provide relief to some employers struggling to find local talent, according to global outplacement and coaching consultancy Challenger, Gray & Christmas, Inc., which released the report on relocation Thursday....

Posted 5 years 7 months

Much attention has been given to record-low participation rates in the wake of the Great Recession. The latest data indicate that only 62.5 percent of non-institutionalized working age adults are employed or actively seeking employment. The remaining 37.5 percent, so the story goes, is so frustrated with the lack of opportunities that this group has simply dropped out of the labor market.

However, a new analysis of labor data released Tuesday by global outplacement consultancy Challenger, Gray & Christmas, Inc. found that the largest decline in participation has occurred...

Posted 5 years 7 months

The percentage of former managers and executives starting their own business rose in 2013 to its highest level since the end of the recession, according to a new survey. The increase in entrepreneurial activity among displaced professionals belies recent trends in the wider labor force where the number of self-employed Americans declined last year.

On average, 5.5 percent of jobless managers and executives started their own business each quarter in 2013, according...

Posted 5 years 7 months

Turnover among the nation’s chief executive officers surged 32.3 percent in January to its highest level in nearly four years. A total of 131 CEOs left their posts during the month, up from 99 in December, according to a report released Wednesday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

The January total was 15.9 percent higher than the same month a year ago when 113 CEO exits were announced. It was the highest monthly total since...

Posted 5 years 7 months

After falling to a 13-year low in December, monthly job cuts surged nearly 50 percent to kick off 2014, as U.S.-based employers announced plans to reduce their payrolls by 45,107 in January, according to the latest report on monthly job cuts released Thursday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

The 45,107 job cuts last month were 47 percent higher than a December total of 30,623, which was the lowest one-month total since 17,241...

Posted 5 years 7 months

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...

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