Good morning, everyone, and how are you today? We are just fine, thank you, especially with a warm sun and deliciously cool breeze enveloping the unusually quiet Pharmalot campus. Our shortest person is at the local tower of learning for a spell, which leaves us to focus on the task at hand. Of course, we are helped along by a few cups of stimulation — our flavor today is vanilla macadamia nut. Meanwhile, here are some tidbits. Hope you have a smashing day and do drop us a line if you come across any saucy secrets …
So far this year, drug makers in the U.S. have shed fewer jobs than during the same period in 2016. Through August, the pharmaceutical industry eliminated roughly 5,500 positions, down from 7,000 at the same point a year earlier, according to Challenger, Gray & Christmas, an outplacement consulting firm. The pace of layoffs, however, has picked up recently, with nearly 690 job cuts this month and almost 900 jobs lost in July.
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Ed, I checked on LinkedIn and as of today there are almost 4000 open pharma positions in New Jersey alone. The problem is the same as in other industries, which is not so much a job shortage but rather than a shortage of skilled workers. I look down the roster of job openings, and, hate to be blunt, but Art History may be a fun major but it won’t get you one of these high paying jobs.