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John Challenger Quotes

«It is far smarter to maximize productivity by paying overtime wages rather than hiring new workers, who will be slow until they become familiar with the new job.»
«The good news for workers is that job cuts during the summer months typically decline from the beginning of the year. If that occurs this year, we could see job-cut figures fall to their lowest level in several years.»
«The heavy job cutting we have seen over the past three years appears to be trending down, ... However, the job market seems to be in a state of limbo, where companies are eager to hold on to people they have, but many are reluctant to create any new jobs.»
«We typically see higher job cuts in January as companies set into motion business plans and employment needs for the new year.»
«These ... factors are going to keep hiring from taking off in 2004. Job seekers certainly should not expect to see a repeat of the tremendous job expansion of the mid-to-late 1990s.»
«None of this bodes well for retailers depending on strong holiday sales, nor for the entire economy, which has mostly relied on consumer spending to keep it afloat,»
«Between technology and globalization, a large majority of U.S. white-collar jobs will become obsolete and either eliminated or dramatically altered,»
«Benefits are much worse for part-time workers. The number of people without health care insurance has gone over 40 million.»
«[Bleak outlook from small business Challenger also points out that a survey of small businesses (fewer than 500 employees) found that only 14 percent of them plan on adding workers in the near future.] That is troubling, ... Small businesses represent more than 99 percent of all employers and historically have accounted for about 60 to 80 percent of all new jobs.»
«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.»