As the US struggles to deal with one of its worst financial crises in history, businesses are planning to lay off employees and freeze hiring for the last quarter of 2008.

In a survey conducted by Harris Interactive for USA Today between August 21 and September 9, 2008, it is reported that 10% of US firms are planning to lay off workers and another 63% are planning to implement hiring freezes. The survey included 3,000 hiring managers and HR professionals and over 6,100 workers in private sectors nationwide.

Matt Ferguson, CEO of CareerBuilder.com, claimed, “Employers are maintaining a conservative approach to recruitment as they maneuver through a weaker economy that has produced its share of casualties.” He also goes on to claim that some sectors, including IT and healthcare, are still showing growth.

Other workforce trends show that of those workers who found a new job in 2008, one-in-five claim their job search took four months or longer. Workers have also been taking second jobs, are postponing active job searches, and are taking measures to improve future prospects.

Click here for more information on business analyst jobs in your area.

Add To Favorites

Email To Friend

Back To Archives

Testimonial of the Week

I like the volume of jobs on EmploymentCrossing. The quality of jobs is also good. Plus, they get refreshed very often. Great work!

Roberto D Seattle, WA

+ Read More Testimonial

Only EmploymentCrossing consolidates every job it can find in the domain and puts all of the job listings it locates in one place.

We have more jobs than any other job board.
We list jobs you will not find elsewhere that are hidden in small regional publications and employer websites
We collect jobs from more than 4,429,376 websites and post them on our site.
We are private, and therefore far fewer people are applying for the jobs on our site than are applying for those on public job boards.