Who's Firing And Who's Hiring

The jobs market has been downright scary lately. Seems every day there's a long list of companies with layoffs, or a blog listing layoffs, or a projection of layoffs to come.

CNBC reported some scary numbers this week:

The Conference Board said its Employment Trends Index recorded a 15-month-long decline to 105.3 in October from a revised 107.2 in September, first reported as 108.4. The index is down 11.8 percent from a year ago.

"The economic developments of the last two months made it clear to businesses that demand for goods and services in the U.S. is declining, and businesses are responding by aggressively slashing their payrolls," said Gad Levanon, economist at the Conference Board, in a report

CNBC also compiled their own very scary list of layoffs.

But Salvatore Ianuzzi, CEO of Monster.com, says that there are still companies hiring for jobs.

"While there is a slowdown and companies are announcing layoffs, those very same companies right now are also hiring," said Iannuzzi on CNBC. "They may be laying off in certain areas but they're hiring in others."

The sectors he said are still hiring strong include government, healthcare, protective services, mining and exploration.

Comments

[kstuff]

We cannot afford to have a "checked out" president, that's for sure. Bring on Obama, but how?

[PT6]

CAN WE AFFORD 69 MORE DAYS OF BUSH ADMINISTRATION?

THEY MUST STEP ASIDE FOR AMERICA to SURVIVE!

[hollywoodjaxx]

Jeez what a tragedy...

[Sigyama]

Layoffs are part of any economic slow down and something else that is a part of an economic slow down is that things will turn around; they always do after some time. Hiring freelancers is also a good option for small businesses in this slow economy.

Vishal Nayak
www.vishal-nayak.com

[dratster]

Posting an advertisement is wrong!

[jazzence]

Layoff employees and hire temp workers, saves them money in the long term.

[Chicago48]

Also-- cut back on the work week hours. Instead of 40, go to 35, and 30. That way you retain your workers. Keep the benefits the same level. Companies should be able to ride this out.

[Chicago48]

RE: monster.com comment. Yes, it's called "churning"....and companies learned during the tech boom days how to churn jobs out....just like stock brokers churn accounts....