How Many Companies Are Back to Pre-Recession Peak?

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The sluggish jobs recovery of the last two and a half years is partly because not enough new companies have been founded to replace those that failed during the recession, and partly because established companies are still working with fewer people than they used to.

Challenger, Gray & Christmas, a national outplacement firm, has done a survey that aims to provide a window into that second problem.

In a survey of  human resource officials, 53 percent said their companies cut workers because of the recession. Since 2012, 82 percent of firms surveyed have grown total employment, but just 43 percent of those growing have matched or exceeded the number of workers on staff before the job cuts.

Another 15 percent of officials at the growing firms said they expect to eventually reach pre-layoff headcount, but 43 percent said they think the smaller workforce is permanent.

 

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