Hiring Outlook '03, Part One
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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