The dismal jobs front got a bit more good news, following the release of a report showing the nation's employers last year cut the fewest number of workers in more than a decade. Further, the findings showed 2010 ended on a high note, with December recording the lowest number of monthly cuts since 2000.

The slowdown in cuts follows an uptick in activity in 2009 when downsizing reached a seven-year high, according to the 2010 year-end job-cut report, released Wednesday by job-services firm Challenger, Gray & Christmas. Last year, employers announced plans to eliminate 529,973 positions, the lowest number since 1997.

Continue reading Job Cuts in 2010 Tumble to Lowest Level in More Than a Decade

Job Cuts in 2010 Tumble to Lowest Level in More Than a Decade originally appeared on BloggingStocks on Wed, 05 Jan 2011 09:00:00 EST. Please see our terms for use of feeds.

Continue reading Five Ways CEO Turnover Changed in 2009

Five Ways CEO Turnover Changed in 2009 originally appeared on BloggingStocks on Thu, 14 Jan 2010 11:40:00 EST. Please see our terms for use of feeds.

Continue reading Half of Job Hunters Have No Idea When They'll Be Working Again

Half of Job Hunters Have No Idea When They'll Be Working Again originally appeared on BloggingStocks on Tue, 12 Jan 2010 09:30:00 EST. Please see our terms for use of feeds.

Despite some early concerns that the action would be slow, seasonal hiring spiked 42% for the retail sector in 2009.

Even though growth was modest -- and based on the depressed baseline set last year -- 547,400 holiday workers showed up at stores across the country to help handle the increased foot traffic and what eventually became a small gain in sales. A year earlier, holiday hiring fell to a 22-year low of 384,300, according to an analysis revealed to BloggingStocks by Challenger, Gray & Christmas.

Continue reading Seasonal Retail Hiring Up 42%

Seasonal Retail Hiring Up 42% originally appeared on BloggingStocks on Sun, 10 Jan 2010 10:20:00 EST. Please see our terms for use of feeds.

The job market looked grim at the beginning of 2009, but as we crossed into 2010, there seems to be a glimmer of hope. We still aren't seeing jobs added yet, but at least the cuts are headed in the right direction. Last month, according to Challenger, Gray & Christmas, announced layoffs fell 10% to 45,094. This is the lowest level seen since December 2007, exactly two years earlier, when there were only 44,416 job cuts. The most recent tally is also off 10% from November's 50,349, making it the fifth month in a row that layoffs have decreased. Since July, the stat has fallen 14% a month, on average.

Continue reading December Layoffs Lowest in a Year

December Layoffs Lowest in a Year originally appeared on BloggingStocks on Wed, 06 Jan 2010 09:00:00 EST. Please see our terms for use of feeds.

Continue reading More Companies Hiring, But That Doesn't Mean Recovery

More Companies Hiring, But That Doesn't Mean Recovery originally appeared on BloggingStocks on Tue, 29 Dec 2009 09:00:00 EST. Please see our terms for use of feeds.

The job market shifted in 2009 from the heaviest cuts in almost a decade to one in which signs of recovery were, though limited, struggling to be seen. It isn't turning around yet, and unemployment could still go higher, but it seems that the worst is behind us.

According to Challenger, Gray & Christmas, the job market should come around in 2010, as job creation finally pulls ahead of job losses. Increased hiring, which is expected to gain momentum next year, may take a while to move the needle on unemployment, though, since there are millions of people who have been out of work so long that they are no longer counted as unemployed for the official number that now sits at 10%.

Continue reading Job Market on the Mend, but Wait for 2011

Job Market on the Mend, but Wait for 2011 originally appeared on BloggingStocks on Wed, 23 Dec 2009 13:00:00 EST. Please see our terms for use of feeds.

There might be something extra in your paycheck this month. A survey of 100 human resource executives, conducted by Challenger, Gray & Christmas, found that 64% of companies are planning to pay holiday bonuses this year, even though they're still worried about expenses in a market that remains difficult. We've clearly come a long way over the past 12 months. Hiring may not have resumed yet, but at least employers are showing that they appreciate their employees ... and are worried about losing them. At this time last year, only 54% were planning to toss a little extra to the staff for the holidays.

And, the bonus checks are getting bigger, at least for a few people. Eight percent of respondents indicated that they are amping up bonus pay, compared to none a year ago. But, 16% say they aren't paying bonuses this year, up from 13% in December 2008. Another 4% are cutting bonus check sizes.

Continue reading Christmas bonuses are back!

Christmas bonuses are back! originally appeared on BloggingStocks on Fri, 11 Dec 2009 09:20:00 EST. Please see our terms for use of feeds.

Through the end of November, 1,122 CEOs have moved on, a decline of 17.6% year-over-year. Last year, 1,361 departures were seen by this point. If the trend continues, CEO turnover could reach its lowest level since 2004, when only 663 occurred.

The health care industry experienced the most changes, with 22 CEOs leaving their posts, bringing the total to 181 for the sector this year, topping all industries. The government and non-profit sector comes next with 148 this year, 18 in November. The financial services industry lost 116 CEOs, with only 10 happening last month.

Continue reading CEO departures slow down, temporarily at least

CEO departures slow down, temporarily at least originally appeared on BloggingStocks on Thu, 10 Dec 2009 08:40:00 EST. Please see our terms for use of feeds.

Planned job cuts fell to 50,349 in November, the lowest level in nearly two years. The 9.6% decline from October, according to Challenger, Gray & Christmas, is the fourth month in a row in which layoffs fell. Also, from November 2008 to November 2009, planned reductions plunged 72% from 181,671. November was the worst month of 2008.

Challenger, Gray & Christmas sees companies slowing down the axe-swinging, a trend that has continued through the back half of 2009. Since July 1, 2009, employers have cut an average of 69,252 jobs each month. Through the end of June, the average was 149,446. The aggressive layoff pace in the first two quarters of 2009 have pushed this year's total ahead of 2008, with the year-to-date planned reduction total reaching 1,242,936 last month. That beats the 2008 full-year total of 1,223,993 and tops the November 2008 amount of 1,057,645 by 17.5%.

Continue reading Layoffs slowing down, but that doesn't mean hiring

Layoffs slowing down, but that doesn't mean hiring originally appeared on BloggingStocks on Wed, 02 Dec 2009 09:20:00 EST. Please see our terms for use of feeds.

An unemployment rate of 10.2% means that serious jobseekers are using every tool they can find. So, it's not at all shocking that social networking tools top the list, with LinkedIn, Facebook and Twitter leading the charge. Openings are being tweeted, hints of a new position are being monitored and hot candidates are being hit up directly, even if they aren't saying they're on the prowl for a new gig. Social media is a tool to use in a job hunt but not necessarily the only one, according to Challenger, Gray & Christmas. Instead, it makes sense to balance a search with many tools.

John Challenger, CEO, says, "The job search has changed radically over the last two decades with the advent of electronic mail, the internet, social networking, smart phones, etc. However, it is important to remember that all of these technologies simply enhance the job search; they will never replace the face-to-face connections that are critical to a successful search." But, he continues that "we feel that these new networking tools are essential and now advise all of the job seekers going through our program to open LinkedIn accounts and to consider other services such as Facebook and Twitter.

Continue reading Job hunting in a social media world: 95% LinkedIn, 59% Facebook

Job hunting in a social media world: 95% LinkedIn, 59% Facebook originally appeared on BloggingStocks on Tue, 17 Nov 2009 15:40:00 EST. Please see our terms for use of feeds.

The latest study that Challenger, Gray & Christmas revealed to BloggingStocks reports that October was the eighth month this year in which CEO turnover was down year-over-year. Through the end of last month, 1,028 CEO positions changed hands -- down 18% from the 1,257 by the same point in 2008. In fact, the tally for the first 10 months of 2009 is the lowest since 2004, when the big office found only 561 new inhabitants.

The financial industry remains the toughest place for CEOs, with 19 leaving the job last month. Even though the situation has gotten easier, this industry still has the highest turnover. For the year, approximately 10% of all CEO departures (106) have been in the financial sector. "The financial industry is still incredibly volatile, as both October and September saw major announcements from leading companies including JP Morgan Chase (JPM), Bank of America (BAC) and last month's bankruptcy of CIT Group, which led to the exit of CEO Jeffrey Peek," John A. Challenger, chief executive officer of Challenger, Gray & Christmas, says.

Continue reading CEO turnover down, not out

CEO turnover down, not out originally appeared on BloggingStocks on Fri, 13 Nov 2009 16:40:00 EST. Please see our terms for use of feeds.

Retail hiring for the holiday shopping season was expected to be slow, and now we have the data to confirm it. According to data from Bureau of Labor Statistics (supplied to BloggingStocks by Challenger, Gray & Christmas), the retail sector added only 63,500 jobs in October -- in data that appropriately was not seasonally adjusted.

This is only slightly better than the 59,100 retail jobs added in October 2008. In the fourth quarter of last year, retail employment increased by a mere 384,300 jobs, with the retail industry turning in its worst holiday shopping season employment stats since 1989 (when it added 380,500 workers).

Continue reading Holiday hiring slow for retailers

Holiday hiring slow for retailers originally appeared on BloggingStocks on Tue, 10 Nov 2009 16:45:00 EST. Please see our terms for use of feeds.

Employers are planning to cut fewer jobs for the third month in a row, according to a new report that Challenger, Gray & Christmas has supplied to BloggingStocks.

The executive outplacement firm says that the number of planned reductions fell 16% in October to 55,679 positions -- from 66,404 in September. Last month's level was the lowest seen since March 2008, when 53,579 layoffs were planned. And, it's 51% lower than October 2008's 112,884 result. Planned staff reductions have fallen in eight of the past 10 months.

Continue reading Layoffs slowing down, but upturn isn't coming yet

Layoffs slowing down, but upturn isn't coming yet originally appeared on BloggingStocks on Sat, 07 Nov 2009 14:10:00 EST. Please see our terms for use of feeds.

Layoff announcements hit their lowest level since March 2008 last month, signaling market stabilization. Global outplacement consulting firm Challenger, Gray & Christmas Inc. put the number of cuts at 66,404 for September, a 13% decline from July's 76,456. Year-over-year, the number of layoffs announced is down 30%, and September was the fourth month in a row in which job cuts fell relative to the same month a year earlier.

Planned job cuts reached 240,233 for the third quarter of 2009, according to Challenger, its lowest level since the first quarter of 2008, when there were 200,656 planned layoffs. For the third quarter of this year, job cuts fell 24.5% from the previous quarter's 318,165, and it's off 16.3% from 287,142 in the third quarter of 2009. At the beginning of 2009, the planned layoff rate reached a seven-year high of 578,510. Since then, the planned layoff rate fell 58.5%.

Continue reading Fewer job cuts in September, is relief coming?

Fewer job cuts in September, is relief coming? originally appeared on BloggingStocks on Thu, 01 Oct 2009 15:00:00 EST. Please see our terms for use of feeds.

Continue reading Job cuts slow in August, more not-so-bad news

Job cuts slow in August, more not-so-bad news originally appeared on BloggingStocks on Wed, 02 Sep 2009 09:30:00 EST. Please see our terms for use of feeds.

Across the country, college classes are starting. In each of these classrooms, students are struggling with calculus, trudging through Candide, and wondering just what the hell they're going to do with their degrees upon graduation. The last of these is characteristic of every college student, especially those of us, with the foresight fortitude recklessness zeal to major in liberal arts fields (in my case, Philosophy).

The anxiety is a bit higher this year, given a high rate of unemployment, the likelihood of a "jobless recovery" and the fact that it could take years for destroyed value to be recovered.

Continue reading 2.9 million college kids unsure of career plans

2.9 million college kids unsure of career plans originally appeared on BloggingStocks on Mon, 31 Aug 2009 14:20:00 EST. Please see our terms for use of feeds.

Challenger says U.S. employers' January job cuts increase 19% from year ago originally appeared on BloggingStocks on Mon, 04 Feb 2008 11:39:00 EST. Please see our terms for use of feeds.