News of Corporate Layoffs Overshadows Overall Growth

By Kramer, Farrell | THE JOURNAL RECORD, October 19, 1993 | Go to article overview

News of Corporate Layoffs Overshadows Overall Growth


Kramer, Farrell, THE JOURNAL RECORD


NEW YORK _ Layoffs. Layoffs. Layoffs. That seems to be the extent of news on the economy's health.

Just last week, Woolworth said it would slash 13,000 jobs. Two weeks before, in a single day, four companies _ Martin Marietta, USAir, DuPont and Chemical Waste Management _ announced job reductions totaling 16,000.

Nonetheless, beneath the appearances of a pink slip blizzard, something surprising is happening: job growth.

It may not be in your area of the country. It may not be the type of permanent, high-paying manufacturing work that seems to be on the endangered species list. It may be a few jobs from an auto-parts supplier or a hiring blitz from a new Wal-Mart. But Labor Department data show more jobs have been created since the recession ended in March 1991 than were lost.

Labor market experts say the ability of the economy to keep generating jobs, even in periods of slow or stagnating growth, historically has been one of the U.S. economy's biggest attributes.

Still, that is no comfort to the victims of job loss syndrome, which in many respects is different now than in any other period. Americans who always assumed they had job security, from computer developers to aircraft engine machinists, are finding themselves out of work with little prospect of returning to the same job, ever.

Take Raymond Blackburn of Salisbury, Conn. The 53-year-old construction industry production coordinator was laid off in December 1992 because of a building slump. He job-hunted for months.

"It meant a lot of company contacts, using as many resources as possible: networking, cold calling, newspaper job ads, magazine job ads, and on and on and on," he said. Blackburn finally found work as a furniture manufacturing supervisor.

For many American workers who have been through layoff cycles before, there is something different about the current malaise _ it seems to be lasting longer and the opportunities are scarcer.

"Losing a job today is somewhat of a different matter from losing a job, say, in the recessions of the '80s and before that _ where you basically sat and waited to be rehired," said Daniel J.B. Mitchell, a professor at the University of California, Los Angeles' graduate school of management.

"People who lose jobs kind of have to get what they can get," he said.

Still, based on Labor Department figures, the number of unemployed Americans hasn't changed by much.

For example, 21.3 million people were unemployed at one time or another during 1991, the most recent year for which this statistic is available. But during 1986, a much stronger period, 20.7 million people were jobless.

"Unemployment is really the amount of time that it takes to find another job," said Audrey Freedman, president of Audrey Freedman Associates, a management consulting firm in New York.

"It is not static. It is not an on-off kind of status situation," she said. "It is simply the passage of weeks and months where someone who's lost one job is looking for another."

The paucity of jobs also affects people who are overqualified for the work they do or who want to work more hours. They can't easily find something better.

Sheila Hayes, a 47-year-old single mother from East Windsor, Conn. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Note: primary sources have slightly different requirements for citation. Please see these guidelines for more information.

Cited article

News of Corporate Layoffs Overshadows Overall Growth
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen
Items saved from this article
  • Highlights & Notes
  • Citations
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Search by... Author
    Show... All Results Primary Sources Peer-reviewed

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.