Posted by: Audrey Erbes | December 22, 2010

Job Declines Slowing–See New Jobs Through Dec. 22nd

Here’s the latest Jobs That Crossed My Desk listing for this past week. (Right click on highlighted title and open pdf file in new window.) I’m happy to report that total job cuts in the U.S. are down versus height in 2009 but a strong hiring pattern awaits improved economic news.  Corporations are still sitting on hoards of dollars awaiting “positive” economic signals, we’re told.

“The low job-cut numbers we are seeing in almost every sector do not necessarily translate into increased hiring. There is hiring going on in the economy, but it is not enough to make a discernable dent in the number of unemployed,” said John A. Challenger, chief executive officer of Challenger, Gray & Christmas.

See  full article “September Announced Cuts Up Slightly To 37,151; 113,595 Quarterly Layoffs Fewest Since 2000,” Pharmaceutical Online, Oct. 7, 2010 from Challenger, Gray, & Christmas, Inc. (Right click on highlighted title and open article in new window.)

Turning to the pharmaceutical industry, we see Big Pharma sector continues to shed jobs at a high rate which is likely to match levels of 2009.  Over 61,000 jobs were lost in 2009 and over 50,000 were lost in first 11 months of the year. I discussed  the shifting of Big Pharma manpower resources and expenses to China and other BRIC countries in my Dec. 5th blog. Challenger et als industry report reported by Ed Silverman of Pharmalot notes the cuts just keep coming.

I’m still concerned about the high level of resources from job cuts and closed facilities here not being reinvested in innovation jobs in the U.S.

I haven’t found U.S. numbers of jobs being created, specifically, for medtech, diagnostics and biotech/biopharma so can’t comment with detail. I only hear from recruiters that job openings in innovation focused life science companies is increasing versus last year.



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