The global outplacement firm Challenger, Grey & Christmas, Inc. reported that job cuts were also at their second lowest annual total since 2000 as we head into the third quarter. This is significant as normally job cuts tend to taper off as the year moves on. According to the employment experts, less than 103,000 job losses were reported during the summer quarter last year; and it was the lowest reported rate in more than 12 years. The firm is tentatively predicting that unless there is an unforeseen disaster in the economy, job losses could reach lows not seen since the 1990's. (challengergray.com, 7/3/2013)
International news agencies also picked up on these exciting trends as Wall Street opened up and investors the prospect of an improved influx of workers in manufacturing and a potentially improved housing market to follow. International financial experts are predicting that if this pace of job additions continues and investor confidence continues to grow, the unemployment rate could be down from its existing level of 7.6% to around or under 6.5% by the end of next year. The Federal Reserve has made this the benchmark for the unemployment rate to reach before it will consider ending its policy of suppressing interest rates. (bbc.co.uk/news/business, 7/5/2013)
"We have to see this as good news for everyone. When investor confidence is up, that means more R&D funds for Pharmaceuticals and Biotechnology; and more jobs for staffing those positions that support them and, as we've been seeing, less layoffs for those who have already been staffed. There are still headlines that imply that the Internet and social media will take over some of the sales and staff positions that have been used in the past. However, speaking di
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