Job cuts announced by US-based companies tumbled 86 percent year-on-year to a 33-month low of 30,603 in March 2021, from the 222,288 job cuts announced in the same month last year, when first wave of layoffs occurred due to the pandemic and subsequent lockdowns. March’s total was also 11 percent lower than the 34,531 cuts announced in February. Job cuts were led by companies in the aerospace/defense industry, which has announced 31,073 cuts in March, followed by telecommunications with 24,157 cuts and retail with 11,932 cuts. Through the first quarter, 144,686 job cuts have been announced, 58 percent lower than the 346,683 announced in the first quarter of 2020. source: Challenger, Gray and Christmas, Inc.

Challenger Job Cuts in the United States averaged 68851.72 Persons from 1994 until 2021, reaching an all time high of 671129 Persons in April of 2020 and a record low of 15100 Persons in June of 1997. 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 - data, historical chart, forecasts and calendar of releases - was last updated on April of 2021.

Challenger Job Cuts in the United States is expected to be 35000.00 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 50000.00 in 12 months time. In the long-term, the United States Challenger Job Cuts is projected to trend around 55000.00 Persons in 2022, according to our econometric models.

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United States Challenger Job Cuts

Actual Previous Highest Lowest Dates Unit Frequency
30603.00 34531.00 671129.00 15100.00 1994 - 2021 Persons Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-01-07 12:30 PM Dec 77.03K 64.797K 69K
2021-02-04 12:30 PM Jan 79.552K 77.03K 65K
2021-03-04 12:30 PM Feb 34.531K 79.552K 72K
2021-04-01 11:30 AM Mar 30.603K 34.531K 30K
2021-05-06 11:30 AM Apr 30.603K 25K
2021-06-03 11:30 AM May
2021-07-01 11:30 AM Jun
2021-08-05 11:30 AM Jul


News Stream
US Job Cuts Fall 86% in March: Challenger
Job cuts announced by US-based companies tumbled 86 percent year-on-year to a 33-month low of 30,603 in March 2021, from the 222,288 job cuts announced in the same month last year, when first wave of layoffs occurred due to the pandemic and subsequent lockdowns. March’s total was also 11 percent lower than the 34,531 cuts announced in February. Job cuts were led by companies in the aerospace/defense industry, which has announced 31,073 cuts in March, followed by telecommunications with 24,157 cuts and retail with 11,932 cuts. Through the first quarter, 144,686 job cuts have been announced, 58 percent lower than the 346,683 announced in the first quarter of 2020.
2021-04-01
US Companies Cut the Least Jobs in Over a Year
Planned job cuts announced by US based companies fell by 57 percent to 34,531 in February of 2021, the lowest monthly total since December of 2019. Most jobs were cut in retail (9,257), followed by energy (3,736) and insurance industry (3,128). 10,637 announcements were attributed to market conditions, another 8,112 due to closings, while 7,299 due to demand downturn. In January and February, employers have announced 114,083 job cuts, 8 percent lower than the 124,395 announced through the first two months of 2020. “The churn has come to a halt. If healthy job creation follows, this could mean a full recovery is on the horizon, especially as companies see an end to the pandemic in sight,” said Andrew Challenger, Senior Vice President of Challenger, Gray & Christmas, Inc.
2021-03-04
US Companies Cut Slightly More Jobs in January
US based employers announced 79,552 job cuts in the first month of 2021, the most for a January month since 2009 and up 3.3% from 77,030 in December. The number is 17.4 percent higher than the 67,735 cuts announced in the same month last year. The most redundances (29,100) were announced in Aerospace/Defense industry which has seen turmoil caused by a downturn in orders for commercial airliners, as travel dried up due to the pandemic. “While cuts were higher than average last month, we are seeing a leveling off of announcements, which may bode well for a recovery in the coming months. Companies may be reassessing their staffing levels and waiting on the impact of the relief bill before making any additional workforce decisions,” said Andrew Challenger, Senior Vice President of Challenger, Gray & Christmas, Inc.
2021-02-04
US Job Cuts Rise to 77K in December
US based employers announced 77,030 job cuts in December of 2020, up 18.9% from 64,797 in November. Still, the fourth quarter saw the fewest job redundancies last year, with 222,493, down from 497,215 in the third quarter. “In the final months of the year, companies that may have survived the initial impact of the pandemic in March and April determined staffing adjustments based on increasingly difficult market conditions. While some segments were up, such as warehousing, shipping, financial, and some manufacturing segments, many others were hurt considerably, chief among them Hospitality, Entertainment, and Leisure,” said Andrew Challenger, Senior Vice President of Challenger, Gray & Christmas, Inc. Considering full 2020, companies announced a record high of 2.304 million job cuts, due to the coronavirus pandemic. It compares with 592,556 cuts announced in 2019.
2021-01-07

United States Challenger Job Cuts
Challenger Job-Cut Report provides information on the number of announced corporate layoffs by industry and region.