Hiring Outlook '03, Part One

Companies are upgrading their workforces and bringing on better people. But they're being very selective. They want the A-players

So much for 2002 being the year of the great hiring thaw. The job climate for managers was even frostier last year than in 2001, which had been a disaster. By November, 2002, the unemployment rate for people who supervise others had risen to 3.1%, vs. 2.8% a year earlier, as businesses continued to lay off executives with a vengeance. Still, managers fared better than the general populace, which by late in the year suffered 6% unemployment.

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