Job cuts increased by about 10 percent in June, as employers announced plans to reduce payrolls by 44,842 workers during the month. Meanwhile, heavier-than-expected downsizing throughout the first half of 2015 pushed the midyear total to its highest level since 2010, according to a report released Wednesday by global outplacement consultancy Challenger, Gray & Christmas, Inc.
Are we just a handful of years away from a world ruled by the machines, a la The Terminator? Doubtful, according to employment authority John A. Challenger, chief executive officer of global outplacement firm Challenger, Gray & Christmas, Inc. However, he does warn that some jobs are at higher risk of complete automation; and, it may not necessarily be a bad thing, in some cases.
Today’s employment situation report from the U.S. Bureau of Labor Statistics was overall very positive. Employer payrolls increased by 280,000 and while the unemployment rate edged up slightly to 5.5 percent, the uptick was attributed to more Americans re-entering the labor force due to increased confidence about finding employment.