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.
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.
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.
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.
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.