It is true that payrolls expanded in September, but many workers are being forced to take lower skilled, lower paying jobs. In some cases, workers are earning 43 percent less in each paycheck. More people are working part-time jobs. Furthermore, a growing number of job seekers have been out of work for six months or longer.
More Quotes from John Challenger:
Those are two areas of the economy that should be perking up right now if we were in a recovery mode, ... Normally, businesses hire temp workers and work their employees longer -- this drop is of real concern and raises the specter of a double-dip recession.John Challenger
The average search time for executives earning over 100,000 is about a month longer than other wage earners in the same community.
John Challenger
There is no question about it. More people today are striking out on their own, either involuntarily or voluntarily.
John Challenger
You should tie up these loose ends a year or two before retiring. Don't wait until the last minute to understand your benefits options.
John Challenger
Businesses give a higher priority to profitability and earnings.
John Challenger
Job cuts are likely to continue in the telecommunications industry, which is still not able to see the light at the end of the tunnel,
John Challenger
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