Some Companies Are Still Hiring: Monster CEO
Layoffs have dominated the news this past few months, but there are some companies and sectors that are still hiring during this down turn saidMonster Worldwide CEO Salvatore Iannuzzi.
“While there is a slowdown and companies are announcing layoffs, those very same companies right now are also hiring,” said Iannuzzi on CNBC. “They may be laying off in certain areas but they’re hiring in others.”
(Watch the full interview in the video on the left.)
The sectors he said are still hiring strong include government, healthcare, protective services, mining and exploration.
U.S. employers cut payrolls by 240,000 in October, according to the latest employment report released by the Labor Department. The unemployment rate shot up to 6.5 percent from 6.1 percent in September, the highest since March 1994.
Just today, global delivery company DHL announced it would cut 9,500 U.S. jobs, while Nortel Networks , North America's largest maker of telephone gear reported that they were laying off 1,300 people.
Iannuzzi says that a proposed new stimulus package could improve the employment situation in 2009.
“There’s certainly some more room for sluggishness,” said Iannuzzi. “I think the Christmas season or the holiday season will tell us a little bit more, but I think that sometime next year, probably the middle of the year maybe the latter part of the year, I think we’ll start to see things stabilize and turn around.”