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Archive for July 6th, 2012

Spinning The Bad Economy

The economy is in rough shape as most people know.  However, I give credit to the Business Journal for attempting to spin a good story out of this hot mess.  Here is the headline:

Challenger report: June job cuts hit 13-month low

Sounds positive and they lead off with this info:

Nationally, the country’s employers announced plans to slash 37,551 jobs in June, down 39 percent from May, which marks a 13-month low for planned cuts, according to a new report from human resources consultancy Challenger, Gray & Christmas Inc.

Ah, but the truth often lies in the later paragraphs:

Still, halfway through 2012, there have been a total of 283,091 job cuts, an increase of about 15 percent from last year’s total during the same six-month period, per Challenger Gray & Christmas.

The job situation is still in shambles and we are seeing it in our business.  There are many strong candidates out there looking for opportunities that just are not materializing right now.