According to the U.S. Bureau of Labor Statistics, nonfarm payroll employment in U.S. continued to edge up in June (+80,000), and the unemployment rate was unchanged at 8.2 percent. Professional and business services added jobs, and employment in other major industries changed little over the month.
Few companies are planning large-scale layoffs for the remainder of this year.
Although unemployment has come down from the recessionary levels of the previous decade, it sometimes feels as if layoffs are continuing at robust pace. Every few days, it seems, comes an announcement of another round of large-scale job cuts. One week it’s Bank of America, the next it’s Hewlett-Packard, the week after that it’s Best Buy. When will it ever end?
If a new survey issued by Right Management (a subsidiary of staffing company ManpowerGroup) is any guide, the answer is: just about now. The survey’s results indicate that a chunky 69% of the over 1,100 companies polled do not plan any layoffs at all through the end of this year. Meanwhile, a mere 1% of respondents – in other words, around 10 or 11 in total – indicated that they would enact large-scale firings. Of the remaining companies polled, 11% anticipated selective layoffs while 19% didn’t know what they would do.
You can read a really interesting article about employment here.
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