Just over 51% of companies plan to hire this year, according to a survey conducted by global outplacement and executive coaching firm Challenger, Gray & Christmas, Inc. That’s compared to nearly 55% of companies that reported they would be hiring in 2019 in the same survey conducted at the end of 2018.
While pivoting in the retail sector has caused thousands of store closures, price cuts on merchandise, and consolidation within the industry, retailers are signaling that there might be high demand for seasonal jobs, according to a forecast released Thursday from global outplacement and executive coaching firm Challenger, Gray & Christmas, Inc.
While the idea of entering the workforce post-college this May is incredibly daunting for the nearly 3 million young adults graduating with associate or bachelor’s degrees across the nation, the current economic growth in the United States should put these worries at ease, according to the latest from outplacement consultancy firm Challenger, Gray & Christmas, Inc.
While the economy continues to show signs of strength, industries that traditionally cater to teen workers are scaling back, meaning opportunities for teens might appear in unusual places or later in the summer when retailers have assessed consumer demand, according to an outlook released Tuesday by global outplacement consultancy Challenger, Gray & Christmas, Inc.
"I think it's generally a positive year," says John Challenger, CEO of Challenger, Gray & Christmas, an outplacement firm. "The economy is strong, unemployment is continuing to drop ... unless we tip into a recession."
Here's U.S. News' top 10 jobs of 2017: