Positive news about the job market in this economy?
Headlines have been filled with bad news about the job market for the past few quarters with multiple layoff announcements every week. It’s important to acknowledge the challenges we face in this economy, but it’s also important to spend time discussing the positive aspects of the job market.
Silver lining with recent Wal-mart layoff news
Wal-mart, the world’s largest retailer, recently announced a layoff of approximately 700-800 employees. While they’ve had some challenges with their employment brand, they are still the largest private sector employer in the U.S. (over 1.6 million employees). Coverage of their recent announcement made headline news which focused on the layoff itself. The headline on CNN.com reads:
Wal-mart to cut jobs at headquarters - World’s largest retailer, citing ‘unprecendented’ times says it will cut as many jobs across divisions.
The news is definitely unfortunate - especially for the employees and the families who are directly affected. But there is also some positive news as well. Buried in the article is an important statement about their growth plans. Wal-mart has “no plans to eliminate store level jobs” and “still plans to open between 125 and 140 new stores” which entails the hiring of thousands of store associates. That’s positive news and shouldn’t be buried at the bottom of the article.
Finding the silver lining in the job market
Consumer spending has decreased and there has been a logical shift in where consumers are spending their dollars. Instead of eating out at a sit-down restaurant on a regular basis, more people are opting for fast-food (cheaper) or eating at home. Many of us are looking to stretch the dollar further and are shopping at the grocery store and preparing our meals at home. Instead of the $6 cup of coffee we are brewing our own coffee at home or picking up a cup of joe at the drive-through.
We’re looking to low-cost retailers, not only for our staples, but for additional products and services. Companies like Wal-mart and McDonald’s appeal to consumers in this economy and address the need to stretch the dollar further. It’s seems logical that these companies would put an emphasis on maintaining or increasing staff levels at their retail locations. The economy is driving business to their retail locations because they specialize in low cost products and services. These companies are in the business of providing the most value for the dollar possible, so it makes sense that they would make adjustments to corporate jobs while putting emphasis on staffing at their retail locations.
This economy is tough and and the impact on the job market has been non-trivial. It may get worse before it gets better, but it’s important to highlight the positives. They may seem few and far between right now but will eventually become more frequent.
Filed under: Employment Brand, recruiting, restaurant, retail, staffing, store | 1 Comment »


