Economy

Chicago Magazine: Q&A With CEO John Challenger

Original Article: http://www.chicagomag.com/Chicago-Magazine/June-2014/Our-Q-and-A-with-Ch...

Our Q&A with Challenger, Gray & Christmas CEO John Challenger
The outplacement expert speaks on the job market for new college grads.

BY ANN MEYER

Employment in general is rebounding. But if I’m the parent of a child finishing up college, what can I expect of the market for new grads in particular?

Bloomberg: Yellen Eyes Turnover as U.S. Workers Leave Jobs

Original Article: http://www.bloomberg.com/news/2014-01-09/yellen-eyes-turnover-as-u-s-wor...

"Job seekers also are more optimistic about the hiring environment. Sixty-three percent of callers to a job-search-advice help line Dec. 26-27 said they believed they could find new employment in less than six months, up from 55 percent a year ago, according to Challenger, Gray & Christmas Inc., a human-resources consulting company.

Q2 2013 Relocation Report: More Job Seekers Relocating For Work

The percentage of unemployed managers and executives relocating for new jobs in the first half of 2013 climbed to its highest level since the beginning of the recession, according to new data released Wednesday by global outplacement and coaching consultancy Challenger, Gray & Christmas, Inc. The rising relocation rate is further evidence of an improving housing market and regional employment gains.

Download the full report.

2013 Q2 Start-Up Activity Report: More Entrepreneurs But Still Too Risky For Most

The percentage of job seekers starting their own businesses increased by 33 percent in the first half of 2013, as an improving lending market and employment picture provided both the financial and job safety nets sought by fledgling entrepreneurs. Even with the increase, however, less than five percent of managers and executives opted for self-employment over a more traditional career path, suggesting that starting a business remains far too risky for most people.

Download the full report.

Consumer Confidence Confusion

The latest reading on consumer confidence, released this morning by the Conference Board, showed a larger-than-expected decline in July. The drop in confidence comes just one month after reaching a five-year high. Meanwhile, a separate survey conducted by the University of Michigan found that consumer sentiment in July improved to its highest level in six years. So, what is with the mixed signals? “Americans have access to so much more information today that it becomes overwhelming and it creates a lot more uncertainty.

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