Even though the U.S. economy is very vigorous in 2000, corporate profits are strong and the unemployment rate is the lowest in decades, layoffs continue. The table below contains recent data collected by The United States Department of Labor, Bureau of Labor Statistic. Data for all states and the District of Columbia. One revenue hiccup can cause rapid and steep declines in the stock price.
Companies have to cut costs.
One way to do this is to layoff employees. The only bright spot for these outplaced employees is the current robust job market. Some people thrive on this sort of challenge. It will be especially difficult for older workers to cope with the five year job cycle since getting a new job gets much more challenging with age. All of these workers need ongoing help with keeping the job they already have and maybe even advancing 1 in that job.