US-based employers announced plans to cut 53,480 jobs from their payrolls in August 2019, up 39 percent from 38,472 in the corresponding month of the previous year. Technology led all sectors in August, with 15,355 announced cuts, including 488 cuts from Cisco. The Government, both state and federal, announced 5,785 cuts and health care companies announced 5,040. Meanwhile, industrial goods manufacturing announced 3,822 cuts, transportation companies 3,554, and food companies 3,010. So far this year, employers have announced plans to cut 423,312 jobs from their payrolls, a 36.2 percent rise from the 310,773 cuts in the first eight months of 2018. It is the highest eight-month total since 2015, when 434,554 cuts were announced. Challenger Job Cuts in the United States averaged 64596.84 Persons from 1994 until 2019, reaching an all time high of 248475 Persons in January of 2002 and a record low of 15100 Persons in June of 1997.

Challenger Job Cuts in the United States is expected to be 61000.00 Persons by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Challenger Job Cuts in the United States to stand at 48000.00 in 12 months time. In the long-term, the United States Challenger Job Cuts is projected to trend around 55000.00 Persons in 2020, according to our econometric models.

United States Challenger Job Cuts
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Calendar GMT Actual Previous Consensus TEForecast
2019-06-06 11:30 AM Challenger Job Cuts May 58.6K 40K 34K
2019-07-03 11:30 AM Challenger Job Cuts Jun 41.977K 58.577K 43K
2019-08-01 11:30 AM Challenger Job Cuts Jul 38.845K 41.977K 32K
2019-09-05 11:30 AM Challenger Job Cuts Aug 53.48K 38.845K 42K
2019-10-03 11:30 AM Challenger Job Cuts Sep 53.48K 61K
2019-10-31 11:30 AM Challenger Job Cuts Oct 80K
2019-12-05 12:30 PM Challenger Job Cuts Nov 59K


United States Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.70 3.70 10.80 2.50 percent [+]
Non Farm Payrolls 130.00 159.00 1118.00 -1959.00 Thousand [+]
Nonfarm Payrolls Private 96.00 131.00 1092.00 -1766.00 Thousand [+]
Government Payrolls 34.00 28.00 427.00 -260.00 Thousand [+]
Manufacturing Payrolls 3.00 4.00 655.00 -1715.00 Thousand [+]
Initial Jobless Claims 208.00 206.00 695.00 162.00 Thousand [+]
Continuing Jobless Claims 1661.00 1674.00 6635.00 988.00 Thousand [+]
ADP Employment Change 195.00 142.00 360.00 -706.00 Thousand [+]
Employed Persons 157878.00 157288.00 157878.00 57635.00 Thousand [+]
Unemployed Persons 6044.00 6063.00 15352.00 1596.00 Thousand [+]
Average Hourly Earnings 0.40 0.30 0.60 -0.20 percent [+]
Average Weekly Hours 34.40 34.30 34.60 33.70 Hours [+]
Labor Force Participation Rate 63.20 63.00 67.30 58.10 percent [+]
Long Term Unemployment Rate 0.71 0.87 4.40 0.08 percent [+]
Youth Unemployment Rate 8.60 8.50 19.50 7.80 percent [+]
Labour Costs 111.98 111.28 111.98 17.00 Index Points [+]
Productivity 107.54 106.93 107.54 25.99 Index Points [+]
Job Vacancies 7471.00 7225.00 7884.00 2157.00 Thousand [+]
Job Offers 7217.00 7248.00 7626.00 2264.00 Thousand [+]
Challenger Job Cuts 53480.00 38845.00 248475.00 15100.00 Persons [+]
Wages 23.59 23.46 23.59 2.50 USD/Hour [+]
Wages in Manufacturing 22.19 22.13 22.19 1.27 USD/Hour [+]
Wage Growth 5.20 5.45 13.78 -5.88 percent [+]
Minimum Wages 7.25 7.25 7.25 0.25 USD/Hour [+]
Employment Cost Index 0.60 0.70 2.00 0.20 percent [+]
Population 327.17 325.15 327.17 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 [+]
Wages Low Skilled 1960.00 1760.00 2340.00 1760.00 USD/Month [+]
Wages High Skilled 4520.00 4330.00 4950.00 4330.00 USD/Month [+]
Employment Rate 60.90 60.70 64.70 55.00 percent [+]
Full Time Employment 130789.00 130429.00 130789.00 64640.00 Thousand [+]
Part Time Employment 26974.00 26861.00 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 [+]


United States Challenger Job Cuts

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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
53480.00 38845.00 248475.00 15100.00 1994 - 2019 Persons Monthly
NSA




Country Last Previous
United States 53480.00 Aug/19


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