Sermon Central
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In Perspective Bureau Of Labor Statistics And ...
Contributed by Sermon Central on Jan 16, 2006 (message contributor)
In Perspective Bureau of Labor Statistics and Current Population Survey data puts recent large-scale layoff announcements in perspective: Annually, job creation is still outpacing job elimination, and has since ’95; mass layoffs account for only 20% of unemployment—as they have for the past 5 years; public layoff announcements grew 6 times as fast as people were actually laid off. A widely quoted March report by the career services firm Challenger, Gray and Christmas stated that the number of employees affect-ed by layoff announcements had increased 300% since March ‘00. But those who actually became unemployed rose by only 24%, a sign of slowdown, but not of full-fledged recession. (World 5/12/01)
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