Challenger 2010 Labor Day Outlook: Jobless Recovery Stronger Than Thought

JOB MARKET RECOVERY STRONGER THAN MANY THINK; STRONGER THAN 2001 RECOVERY

As Labor Day approaches, many Americans want signs of a job-market recovery. While many are frustrated with the pace of job creation, a new analysis reveals that the job market is well on the road to recovery and that it is rebounding sooner and faster compared to the jobless recoveries that followed the previous two recessions.

In its annual Labor Day outlook, global outplacement consultancy Challenger, Gray & Christmas, Inc. says that positive trends in a number of employment indicators, including the pace of layoffs, the unemployment rate and job creation, are shrouded by the fact that the economy began its recovery in a much deeper hole; the deepest since the Great Depression.

Full report found here: http://www.challengergray.com/press/press.aspx

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