2013employmentrestructuring                             1reportu n i t e d s tat e s e d i t i o n
2 | Employment Restructuring Report | united states edition Q1 2013contents                                 Summary       ...
home3 | Employment Restructuring Report | united states edition Q1 2013                                                   ...
home4 | Employment Restructuring Report | united states edition Q1 2013                                                   ...
home                                            4000005 | Employment Restructuring Report | united states edition Q1 2013 ...
1000000                                                                                                                   ...
home7 | Employment Restructuring Report | united states edition Q1 2013                                         contents  ...
home8 | Employment Restructuring Report | united states edition Q1 2013                                                   ...
home9 | Employment Restructuring Report | united states edition Q1 2013                                                   ...
40000                                                                                                                     ...
home11 | Employment Restructuring Report | united states edition Q1 2013                                                  ...
home12 | Employment Restructuring Report | united states edition Q1 2013                                                  ...
home13 | Employment Restructuring Report | united states edition Q1 2013                                                  ...
home14 | Employment Restructuring Report | united states edition Q1 2013                                                  ...
U.S. Employment Restructuring Report Q1 2013
U.S. Employment Restructuring Report Q1 2013
U.S. Employment Restructuring Report Q1 2013
U.S. Employment Restructuring Report Q1 2013
U.S. Employment Restructuring Report Q1 2013
U.S. Employment Restructuring Report Q1 2013
U.S. Employment Restructuring Report Q1 2013
Upcoming SlideShare
Loading in...5
×

U.S. Employment Restructuring Report Q1 2013

2,635

Published on

The employment Restructuring Report is compiled by Kelly services. It provides a timely review of economic, labour and hiring conditions in the relevant markets, with a detailed focus on the most recent data regarding mass layoffs and restructuring. The report is compiled utilising publicly available data from official, private and not-for-profit organisations. published on a quarterly basis, the employment Restructuring Report is available in separate editions for the United States and the European Union.

Published in: Career

U.S. Employment Restructuring Report Q1 2013

  1. 1. 2013employmentrestructuring 1reportu n i t e d s tat e s e d i t i o n
  2. 2. 2 | Employment Restructuring Report | united states edition Q1 2013contents Summary p/3 METHODOLOGY NOTES: The Employment 01 Restructuring Report is compiled by Kelly Services using publicly available data US labor market trends p/4 from official, private and non-profit organizations. 02 It aims to provide a summary of the leading US regional labor trends p/7 factors contributing to labor and hiring conditions 03 in the relevant markets, with a special focus on Most heavily impacted sectors p/9 up-to-date layoffs and job creation statistics. 04 US labor market outlook p/12 05 DISCLAIMER: Major announced US job layoffs p/13 This information is provided with the understanding About this report p/21 that it is not guaranteed to be correct or complete and conclusions drawn from such information are the sole responsibility of the user. Attempts have been made to ensure that this data or documentation is accurate and reliable; Kelly Services does not assume liability for any damages caused by inaccuracies in this data or graphs documentation. Kelly Services US mass layoffs P/5 makes no warranty, expressed or implied, US job openings P/6 as to the accuracy, Announced US job layoffs by region P/8 completeness, or utility of this Announced US job layoffs by industry sector P/10 information, nor does the fact of distribution US job openings by industry sector P/11 constitute a warranty.
  3. 3. home3 | Employment Restructuring Report | united states edition Q1 2013 contents summary 01 US Labor market trends 02 US regional labor trends 03 most heavilysummary ➔ The US economy enters 2013 with confidence A big falloff in defense spending was the main drag reach of its unemployment target of 6.5% by the impact of Hurricane Sandy on businesses in impacted sectors 04 US labor market outlook returning, and positive signs on the weaker GDP outcome New Jersey and New York. 05 major in a number of segments The monetary expansion will Meanwhile, job openings announced in the final quarter of 2012. US job layoffs including the labor market. be all the more important in have held at around the Elsewhere in the economy, about this offsetting the rolling series of 3.6 million mark, reflecting the report there were more positive signs A big falloff in The meager 0.1% expansion spending cuts that will occur improving trend. including in employment, defense spending in the US economy in the final under the sequester aimed at housing and manufacturing. was the main drag quarter of 2012 was an abrupt cutting the budget deficit. Growth in the US is tipped to on the weaker GDP reminder that the recovery is continue on track and gain With 12.3 million people outcome in the final still fragile, with the broader The policy settings suggest momentum during the second unemployed and the jobless quarter of 2012. economy having advanced steady expansion and half. There is now a host of rate stuck at around 7.9% there 2.2% over the full year. employment growth. The positive signs, notably a pick is likely to be no immediate numbers continue to please, up in manufacturing activity, easing in the Federal Reserve’s with 157,000 new jobs to a record high on the share monetary expansion, meaning be created in the new year market and encouraging news the foot remains on the and revisions that added an internationally, with Japan also growth accelerator for the additional 150,000 new jobs in in stimulus mode and China foreseeable future. the final quarter of 2012. resuming growth. Confirmation that the Federal Domestically, consumer Despite the slower growth in Reserve will sustain its spending is still weak and on the final months of last year, quantitative easing program the global front, the eurozone more than 600,000 new jobs indicates it is less worried remains a concern, with t were created. about inflation and more he major economies concerned with boosting the Mass layoffs jumped in the still contracting. recovery and getting within final quarter of 2012, boosted
  4. 4. home4 | Employment Restructuring Report | united states edition Q1 2013 contents summary 01 US Labor market trends 02 US regional labor trends01 03 most heavily ➔ There was a blip in for only a small part of the in some areas accompanied Job openings have been impacted sectors the number of mass layoffs increase. The construction remarkably stable at this 04 US labor by attrition in others. market outlook in the final quarter of 2012 industry reported a higher level for the past year, even 05 major as reflected in the quarterly than usual increase in layoffs, Job gains are being seen in the breakdown between announced US job layoffs initial claims data from the largely associated with the mining, retail, health care government and privateUS labor Bureau of Labor Statistics. completion of seasonal work. and wholesale trade while sectors has held steady. about this reportmarket Almost 547,000 workers The manufacturing sector losses are occurring in There have been increases intrends transport and warehousing. were affected by layoffs in also suffered a reversal job openings over the course the December quarter, up with layoffs rising, particularly of the year in retail, real estate, Job openings are maintaining from 332,000 in the in the transport and food education, health care and a steady improvement, September quarter and the production sectors. social assistance but decreases standing at approximately 3.6 highest in three years. in mining and professional and The data reflect a degree million at the start of 2013. business services. The disruption wreaked by of volatility in the labor This compares with 2.4 million Hurricane Sandy accounted market, with new jobs growth at the end of the recession. 
  5. 5. home 4000005 | Employment Restructuring Report | united states edition Q1 2013 contents summary 01 US Labor market trends 200000 2006/Q1 2006/Q3 2007/Q1 2007/Q3 2008/Q1 2008/Q3 2009/Q1 2009/Q3 2010/Q1 2010/Q3 2011/Q1 2011/Q3 2012/Q1 2012/Q3 2006/Q2 2006/Q4 2007/Q2 2007/Q4 2008/Q2 2008/Q4 2009/Q2 2009/Q4 2010/Q2 2010/Q4 2011/Q2 2011/Q4 2012/Q2 2012/Q4 02 US regional labor trends 03 most heavily impacted sectors 04 US labor market outlook US mass layoffs (Q1 2006 to Q4 2012) 05 major announced US job layoffs 1,000,000 about this report The disruption wreaked by Hurricane Sandy accounted 800,000 for only a small part of the increase. The construction 600,000 industry reported a higher than usual increase in layoffs, 400,000 largely associated with the completion of seasonal work. 200,000 2006/Q1 2006/Q2 2006/Q3 2006/Q4 2007/Q1 2007/Q2 2007/Q3 2007/Q4 2008/Q1 2008/Q2 2008/Q3 2008/Q4 2009/Q1 2009/Q2 2009/Q3 2009/Q4 2010/Q1 2010/Q2 2010/Q3 2010/Q4 2011/Q1 2011/Q2 2011/Q3 2011/Q4 2012/Q1 2012/Q2 2012/Q3 2012/Q4 Source: US Bureau of Labor Statistics
  6. 6. 1000000 home6 | Employment Restructuring Report | united states edition Q1 2013 contents 500000 summary 0 01 US Labor June August November 20092010 2010 2010 20102010 2010February 2011June August November 20112012 2012 2012 2012 December 2012 market trends July 20092009 2009February 2010June August November 20102011 2011 2011 20112011 2011February 2012JuneAugust November 2012 2009October 2009 2009 May July October 2010 2010 May July October 2011 2011 May July October 2012 September January April 2010 2010 December March September January April 2011 2011 December March September January April 2012 2012 2012 2012 December March September 02 US regional labor trends 03 most heavily impacted sectors 04 US labor market outlook US JOB openings (JUNE 2009 to DEC 2012) 05 major announced US job layoffs 4,000,000 about this report There have been 3,500,000 increases in job openings over the 3,000,000 course of the year 2,500,000 in retail, real estate, education, health care 2,000,000 and social assistance. 1,500,000 1,000,000 500,000 0 June 2009 July 2009 August 2009 September 2009 October 2009 November 2009 December 2009 January 2010 February 2010 March 2010 April 2010 May 2010 June 2010 July 2010 August 2010 September 2010 October 2010 November 2010 December 2010 January 2011 February 2011 March 2011 April 2011 May 2011 June 2011 July 2011 August 2011 September 2011 October 2011 November 2011 December 2011 January 2012 February 2012 March 2012 April 2012 May 2012 June 2012 July 2012 August 2012 September 2012 October 2012 November 2012 December 2012 Source: US Bureau of Labor Statistics
  7. 7. home7 | Employment Restructuring Report | united states edition Q1 2013 contents summary 01 US Labor market trends 02 US regional labor trends02 03 most heavily ➔ There were increases The west is the only region to impacted sectors in layoffs experienced across have experienced a decline in 04 US labor market outlook all the major regions of the US the number of layoffs over the 05 major in the final quarter of 2012. course of 2012 – all the other announced US job layoffs regions suffered increases,US regional The midwest had the highest with the worst performance in about this reportlabor number of layoffs, with almost 149,000 jobs disappearing, the northeast, where layoffs almost doubled in a year.trends largely due to a downturn in the construction sector.
  8. 8. home8 | Employment Restructuring Report | united states edition Q1 2013 contents 0 summary Northeast South Midwest West 01 US Labor market trends 02 US regional labor trends 03 most heavily impacted sectors 04 US labor market outlook announced job layoffs by US region (Q2 2010 to Q4 2012) 05 major announced US job layoffs 200,000 about this report 150,000 100,000 50,000 0 Northeast South Midwest West Source: US Bureau of Labor Statistics Q2 2010 Q4 2011 The Midwest had Q3 2010 Q1 2012 Q4 2010 Q2 2012 the highest number Q3 2012 Q1 2011 of layoffs, with Q2 2011 Q4 2012 Q3 2011 almost 149,000 jobs disappearing, largely due to a downturn in the construction sector.
  9. 9. home9 | Employment Restructuring Report | united states edition Q1 2013 contents summary 01 US Labor market trends 02 US regional labor trends03 03 most heavily ➔ The manufacturing The Food and Job openings remained largely The only sector to see impacted sectors sector suffered the brunt of the Accommodation sector significantly lower job 04 US labor steady across the board and market outlook layoffs during the December also experienced the across most industry sectors. openings in the quarter 05 major was Professional Business announced quarter, with 161,000 positions impact of tight seasonal US job layoffs Services, which also wentmost abolished, accounting for conditions, which saw One area that experienced about this report almost one-third of all layoffs. 60,000 positions scrapped. some improvement was against the trend overheavily There was a steep Transportation and Trade, Transportation and the course of the year.impacted deterioration in Construction Warehousing worsened, Utilities, where job vacancies rose during the final monthssectors activity that saw 66,000 construction jobs go, the with 41,500 individuals laid off, while 21,000 of 2012. The Leisure and highest quarterly rate of government employees Hospitality sector also saw layoffs in two years. were made redundant. improved openings.
  10. 10. 40000 home10 | Employment Restructuring Report | united states edition Q1 2013 contents summary 0 Administrative andConstruction and food services Government technical services ManufacturingAccommodation wasteTransportation andRetail trade services warehousing Professional and Healthcare andArts, entertainment and recreation insuranceReal estate Information social assistance Wholesale trade Mining and Finance Educational services 01 US Labor market trends 02 US regional labor trends 03 most heavily impacted sectors 04 US labor market outlook announced US job layoffs by industry sector – NON-FARM (Q1 2012 to Q4 2012) 05 major announced US job layoffs 200,000 about this Q1 2012 report Q2 2012 160,000 Q3 2012 Q4 2012 120,000 80,000 40,000 0 Manufacturing Administrative and waste services Construction Accommodation and food services Transportation and warehousing Retail trade Government Professional and technical services Information Healthcare and social assistance Wholesale trade Arts, entertainment and recreation Mining Finance and insurance Educational services Real estate Source: US Bureau of Labor Statistics The Manufacturing sector suffered the brunt of the layoffs during the December quarter, with 161,000 positions abolished.
  11. 11. home11 | Employment Restructuring Report | united states edition Q1 2013 contents summary 01 US Labor market trends 02 US regional labor trends 03 most heavily impacted sectors 04 US labor market outlook US job opening by industry sector (MAR 2011 to DEC 2012) 05 major announced US job layoffs 800,000 One area that March 2011 about this report M 700,000 June 2011 has experienced some improvement 600,000 Sept 2011 J Dec 2011 was Trade, Transportation 500,000 March 2012 June 2012 S and Utilities, where job vacancies rose 400,000 Sept 2012 Dec 2012 D 300,000 during the final months of 2012. M 200,000 J 100,000 0 S Education and Health Services Trade, Transportation and Utilities Professional Business Services Leisure and Hospitality Government Manufacturing Construction D Source: US Bureau of Labor Statistics
  12. 12. home12 | Employment Restructuring Report | united states edition Q1 2013 contents summary 01 US Labor market trends 02 US regional labor trends04 03 most heavily ➔ The labor market is but for the moment these The IMF is forecasting 2% Weak banks in Europe are also impacted sectors likely to benefit from the are seen as the lesser evils. GDP growth for the US in 04 US labor acting as a drag on growth market outlook more broad-based recovery 2013, with the pace of activity and a potential flashpoint 05 major There are clearly some announced that is now occurring in quickening in the second half. unless non-performing loans, US job layoffs divisions emerging at top the US and in some partsUS labor of the global economy. policy levels as to when is That rate of growth may well be exceeded if, as now seems write downs and capital about this report injections can be managed.market The early part of 2013 has the best time to withdraw the Federal Reserve’s likely, the quantitative easing Europe will not return tooutlook measures are sustained, and been characterized by a monetary stimulus. All the provided Congress can avoid growth until 2014, so for the definite shift in business and signs suggest that there a series of automatic spending rest of this year, it will be a investor sentiment, largely will be no withdrawal until cuts due to start in March. two-track global economy, flowing from the passing the unemployment rate of the fiscal cliff in the US has started to show some fuelled by a tepid US recovery, The major risks to the US and the easing of fears substantial improvement. a resurgent China, and Japan, recovery probably stem from surrounding the eurozone with a new leader determined the continued unsettling The mandatory budget sovereign debt situation. to snap a 20-year slump on cuts under sequestration economic and political the back of money printing. Monetary expansion in will have a contractionary situation in Europe, where the the US and Japan, and a impact but may not be as region is expected to contract If the share markets are any series of global currency debilitating as some believed. once again during 2013. guide then 2013 will be devaluations, are making the Only a handful of economies a bumper year but there There are positive signs biggest economies more coming from China where will record positive growth are more than enough competitive and helping manufacturing activity has and unemployment remains potholes to suggest it will to sustain the recovery. hit a two-year high, and from high, while political and social be a most interesting ride! The flip side of quantitative Germany, the engine room unease is always a risk as easing is the problem of of the EU, where business governments grapple with inflation and debt reduction, confidence is at a record level. multiple policy problems.
  13. 13. home13 | Employment Restructuring Report | united states edition Q1 2013 contents summary 01 US Labor market trends 02 US regional labor trends05 03 most heavily Organization Total (approx) Industry Month impacted sectors 04 US labor Abbott Laboratories 550 Health and medical October market outlook Advance Auto Parts Andersonville 80 Manufacturing November 05 major Advanced Micro Devices 1,770 Technology October announced US job layoffs Adventist Health 48 Health and medical Novembermajor Aerodynamics Inc 86 Aerospace December about this reportannounced Aetna Inc Connecticut 80 Insurance October AFL Quality Inc. 63 Business Services NovemberUS job Air National Guard Allegany Ballistics Laboratory, West Virginia 71 Aviation 50 Defense October Novemberlayoffs Allonhill LLC AM General 140 Banking and finance 100 Defense December DecemberOCT to DEC 2012 AM General Indiana 400 Defense December American Airlines 73 Aviation December American Airlines, Nashville and Memphis 100 Aviation October American Airlines, Tulsa 450 Aviation October American Coal 54 Resources and utilities November American Fuel Cells and Coated Fabrics (Amfuel) 40 Manufacturing October Ameridose LLC 650 Pharmaceuticals November Amsted Rail 94 Transport October Anchorage School District, Alaska 100 Education November Anderson Tully Company 80 Manufacturing December Anglo American Platinum 12,000 Mining October Applied Materials 900 Manufacturing October APS Healthcare 133 Health and medical October AT&T, Connecticut 106 Telecommunications December AT&T, Southeast operations 300 Telecommunications December Aveo Oncology 45 Health and medical October Awrey’s, Michigan 150 Food and beverage November Bank of America, Glendale 281 Banking and finance December BASF 400 Manufacturing October Bigpoint 120 Media and entertainment October
  14. 14. home14 | Employment Restructuring Report | united states edition Q1 2013 contents summary 01 US Labor market trends 02 US regional labor trends05 03 most heavily Organization Total (approx) Industry Month impacted sectors 04 US labor Bigpoint Games, San Francisco 47 Media and entertainment November market outlook BlueCross BlueShield, Tennessee 100 Insurance October 05 major Boeing 30% of Executives Aerospace November announced US job layoffs Bogalusa Medical Center 47 Health and medical November about this Bostwick Laboratories Inc. 90 Health and medical December report Brake Parts LLC 75 Manufacturing November Bristol Myers 480 Pharmaceuticals November Brooks Automation 100 Manufacturing December ButterKrust Bakery, Lakeland Florida 32 Food and Beverage October C.R. Bard, Queensbury New York 54 Manufacturing November California Correctional Health Care 2,200 Health and medical December Cardinal Health, Albuquerque 150 Health and medical October CCS Medical, Tampa Bay 82 Health and medical October Celgard 40 Manufacturing December Center for Hospice / Palliative Care, New York 40 Health and medical November Chesapeake Energy  275 Resources and utilities December Choice Hotel International, Colorado 100 Accommodation October Cigna 1,300 Insurance November Citigroup Inc 11,000 Banking and finance December Citigroup Securities Unit 150 Banking and finance November City of Atwater, California 38 Government October City of Miami, Oklahoma 50 Government December CityGrid 60 Media and entertainment October Cliffs Natural Resources 625 Mining November Coda Automotive 50 Manufacturing December Colgate Palmolive Co 2,300 Health and medical October Condé Nast 60 Media and entertainment October Consol Energy, West Virginia 145 Resources and utilities October Cooper Green Mercy Hospital, Alabama 200 Health and medical December Corning, Erwin New York 100 Manufacturing November Credit Suisse Group, New York 120 Banking and finance December
  1. A particular slide catching your eye?

    Clipping is a handy way to collect important slides you want to go back to later.

×