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The MedZilla Report for November 2009 - Healthcare Employment Up, And No Major Bad News for Pharma, Either
Date:12/17/2009

Healthcare employment continued to rise the U.S. in November, even as the overall unemployment rate edged down slightly. Additionally, there were no unexpected major job cuts in the pharmaceutical industry.

(Vocus) December 17, 2009 -- November was a relatively good month for pharmaceutical job losses - which is to say, there were no major unexpected layoffs announced all month. The biggest news in that area was related to the Pfizer acquisition of Wyeth. Meanwhile, healthcare employment continued rising in the U.S., adding 21,000 jobs, and the American unemployment rate edged downward overall.

Pfizer's purchase of Wyeth meant that 450 people were downsized, all of them from the New Jersey research plant previously owned by Wyeth. Additionally, Pfizer planned to close six of their own research facilities as the two companies merged (Asbury Park Press, Nov. 9, 2009). Otherwise, the only pharmaceutical-related job cuts announced in November were from the closing of a biotech factory in Minnesota that was purchased in 2008 by Genmab, a Danish company (The Business Journal, Nov. 7, 2009). "Despite being troubling for those affected by the layoffs, this is overall a good sign for the pharmaceutical sales industry," said Dr. Frank Heasley, president and CEO of MedZilla.com, the internet leader in pharmaceutical and healthcare job postings. "Through much of 2008, we saw large swaths of people laid off, especially in the sales area. It appears that companies have tailed off the downsizing of sales associates."
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The MedZilla Report for November 2009 - Healthcare Employment Up, And No Major Bad News for Pharma, Either
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