The shortest month of the year saw a decline in layoff announcements, as US-employers announced plans to cut 36,957 jobs in February, 19 percent fewer than the 45,934 cuts announced in January, according to the latest report from global outplacement and executive coaching firm Challenger, Gray & Christmas, Inc.
As the war for talent escalates amid an improving economy and falling unemployment, employers around the country are looking for any advantage that will give them the upper hand in finding and keeping the best workers. According to one new survey, a large percentage of companies believe that advantage can be found in employee assessment software.
Conditions are expected to improve for college graduates entering the job market this spring, as the economic recovery continues to gain momentum. In fact, nearly two out of three employers surveyed by a leading employment consulting firm plan to hire from among this year’s crop of 1.8 million grads.
Original Article: http://www.cnbc.com/id/101366918
"The high-flying bonus-filled jobs aren't extinct—but applicants will be hard-pressed to find them at the trading desks of the big Wall Street banks. Now, the mid to senior-level openings are turning up at hedge funds and asset management and private wealth firms, according to John Challenger, CEO of global outplacement firm Challenger, Gray & Christmas."
After getting off to its strongest start in seven years, the pace of teen hiring in June and July declined from last year’s levels, as a slowdown in economic activity provided little reason to grow payrolls. Overall, teen employment gains during the three-month summer hiring season were down 3.0 percent from 2012, according to an analysis of government employment data by global outplacement consultancy Challenger, Gray & Christmas, Inc.