United States Challenger Job Cuts

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.

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Calendar	GMT		Actual	Previous	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.