Interview w/ John Challenger

Gist:  According to outplacement firm Challenger, Gray, and Christmas, the job market in the US is recovering faster than in the 1991 and 2001 recessions.  In 2001, it took 21 months before the economy began to add jobs vs. 6 months in 2010.

Challenger:

1) We are averaging 481,000 jobless claims, which is 85,000 less than we saw one year ago.
(Red Flag:  look at  long-term unemployment and how this skews this number).
2) The export economy is crucial--particularly supplying emerging and growing countries.
3) Health care will be a very strong industry
(Red Flag:  is this a spiral?) 

• Challenger, Gray & Christmas' 2010 Labor Day Outlook (PDF)
• John Challenger's bio