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Slow Job Creation – A Post-Recession Norm

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The transformation of the economy away from manufacturing and toward services and information means that post-recession job growth will be slow and may become the norm for future post-recession periods, according to HR executives surveyed by outplacement consulting firm Challenger, Gray & Christmas. The firm’s CEO said today’s economy, which is far less dependent on manufacturing, is not built to provide accelerated hiring. While 82 percent of companies have hired new workers since January 2010, only one-third have recalled their former workers, according to the survey.

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Slow Job Creation - A Post-Recession Norm by
Authored by: Harrison Barnes