Outplacement Outlook:The Road Back To Full Employment

Companies are holding onto their people now,according to John Challenger of Challenger,Gray&Christmas,the oldest outplacement firm.There are major cuts taking place,however,in the military,post office and state and local government that are unlike anything we've seen in the past decade.Helping our veterans find jobs will be a crucial element of whether the economy stays strong in 2012.
December job cuts fell 1.6% from November as the economy added 200,000 jobs.It's not gangbusters growth.Consumer demand is crucial to job creation.We're dependent on a strong consumer for 70% of the economy.That's the key as we go forward.The consumer is slowly growing at this point,Mr.Challenger noted.
Christina Romer,a former White House advisor and currently a Professor of Economics at the University of California Berkeley,adds that,even at the rate of 200,000 more jobs a month,it still would take us eight years to get back to where we were before the financial crisis.