November 2013

October Holiday Hiring Best in 14 Years

Holiday hiring got off to its strongest start in 14 years, as retail employment grew by 159,500* in October, according to an analysis of the latest Bureau of Labor Statistics data by global outplacement firm Challenger, Gray & Christmas, Inc.

The 159,500 net new jobs in retail last month marks a 6.7 percent increase from October 2012, when retailers increased their payrolls by 149,400. It was the most new hires in the first month of the annual holiday hiring period since 1999, when retail employment expanded by 172,200 in October.

2013 October CEO Report: Over 100 CEO Exits In October

Turnover among the nation’s chief executive officers declined slightly in October as 104 planned CEO departures were reported, down 2.8 percent from the 107 in September, according to a report released Thursday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

The October total was down 3.7 percent from the same month a year ago when 108 were recorded. Challenger has now tracked 1,053 CEO changes so far this year, 5.3 percent more than the 999 departures announced in the first ten months of 2012.

2013 October Job Cut Report: Planned Layoffs Remain Flat at 45,730

The pace of downsizing remained relatively flat in October, as the nation’s employers announced plans to cut 45,730 jobs from their payrolls during the month. That was up 13.5 percent from 40,289 job cuts recorded in September, according to the latest report on monthly job cuts released Wednesday by global outplacement consultancy Challenger, Gray & Christmas, Inc.