People who have been out for a while say, 'I've got to get back to work,' so they take downgraded jobs, ... Maybe they can't get a job as the plant manager, so they try to get a job as a manager on the factory line and work their way back up.
These ... factors are going to keep hiring from taking off in 2004. Job seekers certainly should not expect to see a repeat of the tremendous job expansion of the mid-to-late 1990s.
With factors like technology, outsourcing and consolidation working against job creation, any job market rebound we see in the near future will be relatively small,
Even in this runaway economy that has some factories running 24 hours, ... employers are still able to find areas that can be trimmed or eliminated altogether.
The biggest factor pushing tech job cuts to a five-quarter high was a surge in corporate combinations in the telecom sector, which resulted in over 3,000 job cuts in February.