John Challenger Fewer Quotations

Businesses are starting to ramp up spending on new equipment and technology and consumer spending looked relatively strong in January, despite predictions that they were tapped out. This may mean fewer job cuts in the months ahead as companies try to meet the steady demand for their products.

The competition will be fierce for first-time job seekers this year. Not only are there fewer jobs, but the pool of candidates is bigger, ... In addition to their classmates, college graduates will be competing with jobless people formerly in the workforce for one to three years...

With fewer job cuts last month and virtually no let-up of demand for skilled workers across all industries, one would expect far more wage pressure than has been seen,