United States Challenger Job Cuts

Job cuts announced by US-based employers jumped 36.8 percent month-over-month and 153.6 percent year-on-year to 75,644 in October of 2018. It is the highest reading since July of 2015. Over half (58.2 percent) of October job cuts come from Verizon’s announcement that it will offer voluntary severance packages to 44,000 managers in an effort to save $10 billion. So far this year, 441,702 job cuts were announced, above 351,309 in the same period of 2017. Retail continues to lead all sectors in job cut announcements with 92,375, 7,350 of which occurred in October. Much of these cuts were tied to Sears’s bankruptcy and announcement of 142 additional store closures. With Verizon’s announcement, Telecommunications follows Retail in the highest number of job cuts this year, with 59,518. The Financial sector comes in third with 41,036 job cut plans, 2,101 in October. Challenger Job Cuts in the United States averaged 65018.65 Persons from 1994 until 2018, reaching an all time high of 248475 Persons in January of 2002 and a record low of 15100 Persons in June of 1997.

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Calendar	GMT		Actual	Previous	TEForecast
2018-09-06	11:30 AM	Challenger Job Cuts	38.472K	27.122K	31.8K
2018-10-04	11:30 AM	Challenger Job Cuts	55.3K	38.472K	38.7K
2018-11-01	11:30 AM	Challenger Job Cuts	75.6K	55.3K	41.8K
2018-12-06	12:30 PM	Challenger Job Cuts		75.6K	64.1K

United States Labour	Last	Previous	Highest	Lowest	Unit
Unemployment Rate	3.70	3.70	10.80	2.50	percent	[+]
Non Farm Payrolls	250.00	118.00	1115.00	-834.00	Thousand	[+]
Nonfarm Payrolls Private	246.00	121.00	1089.00	-821.00	Thousand	[+]
Government Payrolls	4.00	-3.00	427.00	-260.00	Thousand	[+]
Manufacturing Payrolls	32.00	18.00	572.00	-519.00	Thousand	[+]
Initial Jobless Claims	214.00	215.00	695.00	162.00	Thousand	[+]
Continuing Jobless Claims	1623.00	1631.00	6635.00	988.00	Thousand	[+]
ADP Employment Change	227.00	218.00	384.00	-836.00	Thousand	[+]
Employed Persons	156562.00	155962.00	156562.00	57635.00	Thousand	[+]
Unemployed Persons	6075.00	5964.00	15352.00	1596.00	Thousand	[+]
Average Hourly Earnings	0.20	0.30	0.60	-0.20	percent	[+]
Average Weekly Hours	34.50	34.50	34.60	33.70	Hours	[+]
Labor Force Participation Rate	62.90	62.70	67.30	58.10	percent	[+]
Long Term Unemployment Rate	0.84	0.85	2.80	0.74	percent	[+]
Youth Unemployment Rate	8.30	8.50	19.50	7.80	percent	[+]
Labour Costs	109.66	109.33	109.66	17.00	Index Points	[+]
Productivity	105.67	105.10	105.67	26.03	Index Points	[+]
Job Vacancies	7070.00	7291.00	7313.00	2132.00	Thousand	[+]
Job Offers	7009.00	7293.00	7293.00	2196.00	Thousand	[+]
Challenger Job Cuts	75644.00	55285.00	248475.00	15100.00	Persons	[+]
Wages	22.89	22.82	22.89	2.50	USD/Hour	[+]
Wage Growth	4.79	4.66	13.78	-5.88	percent	[+]
Wages in Manufacturing	21.68	21.62	21.68	1.27	USD/Hour	[+]
Minimum Wages	7.25	7.25	7.25	0.25	USD/Hour	[+]
Employment Cost Index	0.80	0.60	1.60	0.20	percent	[+]
Population	325.72	323.41	325.72	76.09	Million	[+]
Retirement Age Women	66.00	66.00	66.00	66.00		[+]
Retirement Age Men	66.00	66.00	66.00	66.00		[+]
Employment Rate	60.60	60.40	64.70	55.00	percent	[+]
Full Time Employment	129212.00	128894.00	129212.00	64640.00	Thousand	[+]
Part Time Employment	27297.00	27055.00	28134.00	10086.00	Thousand	[+]
Living Wage Family	2380.00	2270.00	2380.00	2160.00	USD/Month	[+]
Living Wage Individual	1660.00	1560.00	1660.00	1450.00	USD/Month	[+]
Wages High Skilled	4520.00	4330.00	4950.00	4330.00	USD/Month	[+]
Wages Low Skilled	1960.00	1760.00	2340.00	1760.00	USD/Month	[+]

Challenger Job-Cut Report provides information on the number of announced corporate layoffs by industry and region. This page provides the latest reported value for - United States Challenger Job Cuts - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Challenger Job Cuts - actual data, historical chart and calendar of releases - was last updated on November of 2018.