From Workforce.com …
By now, the only thing that should be surprising about economic bad news is that the experts are surprised by it.
Yesterday, the figure of 573,000 new unemployment claims blew past the 520,000estimate from analysis firm Briefing.com. The payroll job loss tally from last week was a bigger shocker still. U.S. employers shed 533,000 payroll jobs in November, nearly 80 percent more than the 300,000 forecast by Briefing.com.
What’s an employer to do in the midst of this worse-than-expected recession? Business gurus call for counter-cyclicality—that is, avoiding layoffs or excessive cost-cutting; tapping the flush talent market; and stealing market share from competitors by going big rather than retrenching.