Getting your player ready...
Labor Day kicks off what is typically a more volatile employment environment, as companies adjust payrolls to align with year-end goals and plans for the coming year. This makes it the ideal time for workers and job seekers alike to reboot their efforts to find or keep a job, according to the workplace authorities at global outplacement and executive coaching consultancy Challenger, Gray & Christmas, Inc.
For many companies, business activity declines during the summer months, as sales slow and key decision makers take off for vacations. The pace tends to quicken as the year comes to a close as companies scramble to hit earnings goals and establish objectives for the new year. As a result, it is not unusual to see a flurry of employment changes in the final four months of the year. Following the worst economic meltdown since the Great Depression, it should come as no surprise that this has been one of the worst recoveries. That point was recently driven home by two reports confirming just how weak this recovery has been. An analysis of economic data by the Associated Press reveals that in addition slow job growth and stubbornly high unemployment, economic growth, as measured by GDP, has never been weaker in a postwar recovery. Consumer spending has grown just 6.5 percent since the end of the recession, undoubtedly due largely to the fact that most Americans’ pay increases are not keeping pace with inflation. Meanwhile, a new report from the Bureau of Labor Statistics shows that Americans who lost work during the recession are having significant difficulty finding re-employment; even when they do find new work, they’re taking major pay cuts. Of all workers laid off from 2009 to 2011, just 56.9 percent had jobs as of January 2012. Another 27.5 percent were still unemployed, and 15.7 percent had dropped out of the labor force altogether. Despite the bleak employment picture, keeping or finding a job should not be considered lost causes, by any means, according to Challenger. People continued to hold onto their jobs or find employment, even in the weakest point in the recession and recovery. The key to success on both fronts is to take an active approach, as opposed to a passive one. In this economy, it is critical to make your own opportunities.


