Job cuts announced by US-based employers increased by 20.7 percent to 52,988 in January of 2019 from 43,884 in the previous month, and were up by 18.7 percent from 44,653 a year earlier. While it is lower than the average of 86,347 cuts announced during the month of January since 1993, it is higher than 20 of the last 24 monthly totals. Retail sector reported the most cuts (22,327, up 45 percent year over year), mostly related to Gymboree’s plan to liquidate remaining stores in the U.S. and Canada, costing a reported 10,000 jobs. Redundancies in financial firms were the second-highest (4,230), followed by the Automotive sector (3,949) and Entertainment/Leisure (3,533). Challenger Job Cuts in the United States averaged 64868.78 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 55080.00 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 34000.00 in 12 months time. In the long-term, the United States Challenger Job Cuts is projected to trend around 31000.00 Persons in 2020, according to our econometric models.

United States Challenger Job Cuts
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Calendar GMT Actual Previous Consensus TEForecast
2018-11-01 11:30 AM Challenger Job Cuts 75.6K 55.3K 41.8K
2018-12-06 12:30 PM Challenger Job Cuts 53.1K 75.6K 64.1K
2019-01-03 12:30 PM Challenger Job Cuts 43.884K 53.073K 33.3K
2019-01-31 12:30 PM Challenger Job Cuts 53K 43.9K 50K
2019-03-07 12:30 PM Challenger Job Cuts 53K 49K
2019-04-04 11:30 AM Challenger Job Cuts 55.1K
2019-05-02 11:30 AM Challenger Job Cuts


United States Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.00 3.90 10.80 2.50 percent [+]
Non Farm Payrolls 304.00 222.00 1118.00 -1959.00 Thousand [+]
Nonfarm Payrolls Private 296.00 206.00 1092.00 -811.00 Thousand [+]
Government Payrolls 8.00 16.00 427.00 -260.00 Thousand [+]
Manufacturing Payrolls 13.00 20.00 572.00 -519.00 Thousand [+]
Initial Jobless Claims 239.00 235.00 695.00 162.00 Thousand [+]
Continuing Jobless Claims 1773.00 1736.00 6635.00 988.00 Thousand [+]
ADP Employment Change 213.00 263.00 384.00 -836.00 Thousand [+]
Employed Persons 156694.00 156945.00 156945.00 57635.00 Thousand [+]
Unemployed Persons 6535.00 6294.00 15352.00 1596.00 Thousand [+]
Average Hourly Earnings 0.10 0.40 0.60 -0.20 percent [+]
Average Weekly Hours 34.50 34.50 34.60 33.70 Hours [+]
Labor Force Participation Rate 63.20 63.10 67.30 58.10 percent [+]
Long Term Unemployment Rate 0.80 0.77 4.40 0.08 percent [+]
Youth Unemployment Rate 9.10 8.70 19.50 7.80 percent [+]
Labour Costs 109.05 108.81 109.60 17.00 Index Points [+]
Productivity 105.69 105.10 105.69 26.03 Index Points [+]
Job Vacancies 6890.00 6540.00 7320.00 2132.00 Thousand [+]
Job Offers 7335.00 7166.00 7335.00 2196.00 Thousand [+]
Challenger Job Cuts 52988.00 43884.00 248475.00 15100.00 Persons [+]
Wages 23.12 23.05 23.12 2.50 USD/Hour [+]
Wage Growth 4.20 4.49 13.78 -5.88 percent [+]
Wages in Manufacturing 21.86 21.91 21.91 1.27 USD/Hour [+]
Minimum Wages 7.25 7.25 7.25 0.25 USD/Hour [+]
Employment Cost Index 0.70 0.80 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 60.70 60.60 64.70 55.00 percent [+]
Full Time Employment 129837.00 129913.00 129913.00 64640.00 Thousand [+]
Part Time Employment 26752.00 26994.00 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 [+]


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 February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
52988.00 43884.00 248475.00 15100.00 1994 - 2019 Persons Monthly
NSA




Country Last Previous
United States 52988.00 Jan/19


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