While Millions Remain Jobless, Labor Shortages Threaten to Derail Economy


Challenger Job Market Analysis, by Challenger, Gray & Christmas, Inc.   CHICAGO – Rising quit rates and fewer job seekers vying for open positions could signal a return to the types of labor shortages that plagued employers during the dot.com boom.  While widespread talent shortages are probably five to ten years away, some More...

by Lynn Herman | Published 760 days ago
By Lynn Herman On Thursday, January 3rd, 2013

Job Cuts Drop to Second Lowest Total of 2012

32,556 December CUTS down 43% from November; annual total lowest since 1997 By Challenger, Gray & Christmas Inc. CHICAGO, January 3, 2013 – After three consecutive months of  increased layoff activity, the More...

By Lynn Herman On Thursday, November 15th, 2012

In Bold New Move, Retailers Push Black Friday into Thursday

By Challenger, Gray & Christmas, Inc. CHICAGO, November 15, 2012 – Facing increased competition from online retailers, a growing number of brick-and-mortar stores, including Target, Sears and Walmart, have More...

Need a Job
By Lynn Herman On Friday, November 2nd, 2012

Employers Add More Jobs than Expected

More people entered the labor force in October, as hiring ticked up, giving the Obama campaign some relief as the election draws closer. Employers added 171,000 people to their payrolls in October, reported the More...

Job Fair
By Lynn Herman On Thursday, November 1st, 2012

Job Cuts Surge to Five-Month High

By Challenger, Gray & Christmas, Inc. CHICAGO, November 1, 2012 – Planned job cuts by U.S.-based employers surged 41 percent in October to 47,724, as a spate of layoff announcements in the wake of weak quarterly More...

Job Market
By Lynn Herman On Thursday, October 25th, 2012

U.S. Unemployment Falls

Applications for U.S. unemployment fell last week to a seasonally adjusted 369,000, a level showing an improving labor market. The U.S. Labor Department reported Thursday that in the week ending October 20, unemployment More...

Help Wanted
By Lynn Herman On Friday, October 5th, 2012

U.S. Unemployment Rate Lowest Since January 2009

The U.S. unemployment rate fell to its lowest level since January 2009, when President Barack Obama took office, signifying job growth picked up over past months. The Labor Department reported Friday that employers More...

Need a Job
By Lynn Herman On Tuesday, September 25th, 2012

Retailers Hopeful for Holiday Sales Gains, but That May Not Spur Hiring Surge

Challenger Annual Holiday Hiring Outlook, by Challenger, Gray & Christmas, Inc. CHICAGO, September 24, 2012 –While solid back-to-school sales boosted the confidence of retailers heading into the all-important More...

Federal Reserve
By Lynn Herman On Friday, September 14th, 2012

Fed Chairman Ben Bernanke Announces Plans to Boost Economy and Increase Employment

U.S. stocks rose Friday, after the Standard & Poor’s 500 Index climbed to its highest level since 2007, as markets around the world responded to the Federal Reserve’s bond-purchase program to boost the economy. The More...

Job Fair
By Lynn Herman On Thursday, August 2nd, 2012

Job Cuts Decline for Second Month in Summer Lull

By Challenger, Gray & Christmas, Inc. July job cuts total 36,855; lowest of the year. CHICAGO, August 2, 2012 – Planned layoffs declined for the second consecutive month in July, as employers announced job More...

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