Published in The Wall Street Journal October 8, 2009 by Phil Izzo
The worst recession since the Great Depression has left a scorched landscape that will weigh on the labor market and the broader economy for years to come, according to economists in the latest Wall Street Journal forecasting survey.
Posts Tagged ‘Economic recovery’
Newsfeeds
Survey Shows Rocky Road to Economic Recovery
Newsfeeds
Most US firms may not reverse pay cuts in next 6 months: Survey
Published in Business Standard October 07, 2009
Most US companies are not planning to reverse the pay cuts made in executive salaries during the economic crisis in the next six months despite the improving economic climate, a survey by HR consultancy Watson Wyatt says.
Newsfeeds
Most Companies Actively Recruiting as Economy Improves
Published in World at Work October 2, 2009
More than 90% of surveyed companies are actively recruiting personnel as the unemployment rate begins to level off and the economy begins to show signs of improvement.
The results of the BenchmarkPro survey show that although the total turnover rate across all industries was 16.3% in 2009, companies are still on the lookout for new talent. The results show turnover rates were lowest in the Midwest at 15.7%, which was followed by organizations in the Northeast at 15.8%. The South Central region had the highest turnover rates at 17.6%.
Newsfeeds
Businesses Quick to Fire, Slower to Hire
Published in The Wall Street Journal October 2, 2009 by Mark Gongloff
The labor market is expected to look marginally less terrible when the Bureau of Labor Statistics releases September employment data Friday. Economists think nonfarm payrolls shed 175,000 jobs last month, the lowest count since August 2008, though — with this week’s economic data — some worry the numbers could be worse. The economists think unemployment ticked up to 9.8% from 9.7%, the highest since 1983.
Newsfeeds
Goldman Sachs May Boost Pay, Give More in Stock, Citigroup Says
Published in Bloomberg September 25, 2009 by Christine Harper
Goldman Sachs Group Inc. may pay employees more this year because of the firm’s “phenomenal” results, though a larger portion will come in restricted stock to help align compensation to long-term profit, according to Citigroup Inc. analysts.
Newsfeeds
American Express Plans to Reverse Compensation Cuts
Published in Bloomberg September 24, 2009 by Peter Eichenbaum
American Express Co., the credit- card issuer that repaid the U.S. bank bailout program, plans to reverse compensation cuts imposed seven months ago because the economic outlook has improved.
Newsfeeds
Nearly Half of Employers Plan to Rehire Some Laid-Off Workers
Published in World at Work September 23, 2009
As the economy slowly improves, 40% of employers are planning to rehire some former workers they laid off as either full-time employees or as consultants and freelancers to add needed skills, according to a recent survey.
Newsfeeds
Beyond the Bubble As Riches Fade, So Does Finance’s Allure
Published in The Wall Street Journal September 18, 2009 by Lisa Bannon
Gordon Jones, who spent 26 years on Wall Street selling stocks and convertible securities, updated an education degree and now teaches math at Greenwich High School in Connecticut. ‘I’ve been completely energized,’ the 54-year-old says. ‘I’m having the time of my life with these kids.’
Newsfeeds
One-Quarter of Workers Plan to Ask for a Raise When the Economy Improves
Published in World at Work August 31, 2009
Just more than one-quarter (28%) of surveyed workers said they plan to ask for a raise after the economy improves, according to a new survey
Announcements
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