Job cuts announced by US-based employers fell by 29.8 percent month-over-month to 53,073 in November of 2018 but rose 51.5 percent year-on-year. General Motors announced it would cut 15 percent of its workforce, or up to 14,000 employees, after offering 18,000 buyouts to workers in an effort to save over $6 billion. Challenger counted 14,000 cuts due to cost-cutting. GM’s announcement is the 7th largest single job cut announcement by an Automotive company since 2001. So far this year, employers have announced 494,775 cuts, 28 percent higher than the 386,347 announced through this point last year. This is the highest 11-month total since 2015, when 574,888 cuts were tracked through November. Retail continues to lead all sectors in job cut announcements with 96,504, followed by telecommunications (59,518), financials (41,351), health care (39,443), consumer products (30,733) and autos (28,529 cuts). Challenger Job Cuts in the United States averaged 64978.70 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.

Challenger Job Cuts in the United States is expected to be 33300.00 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 42000.00 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
2018-09-06 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 53.1K 75.6K 64.1K
2019-01-03 12:30 PM Challenger Job Cuts 53.1K 33.3K
2019-01-31 12:30 PM Challenger Job Cuts
2019-03-07 12:30 PM Challenger Job Cuts


United States Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.70 3.70 10.80 2.50 percent [+]
Non Farm Payrolls 155.00 237.00 1115.00 -834.00 Thousand [+]
Nonfarm Payrolls Private 161.00 251.00 1089.00 -821.00 Thousand [+]
Government Payrolls -6.00 -14.00 427.00 -260.00 Thousand [+]
Manufacturing Payrolls 27.00 26.00 572.00 -519.00 Thousand [+]
Initial Jobless Claims 206.00 233.00 695.00 162.00 Thousand [+]
Continuing Jobless Claims 1661.00 1636.00 6635.00 988.00 Thousand [+]
ADP Employment Change 179.00 225.00 384.00 -836.00 Thousand [+]
Employed Persons 156795.00 156562.00 156795.00 57635.00 Thousand [+]
Unemployed Persons 5975.00 6075.00 15352.00 1596.00 Thousand [+]
Average Hourly Earnings 0.20 0.10 0.60 -0.20 percent [+]
Average Weekly Hours 34.40 34.50 34.60 33.70 Hours [+]
Labor Force Participation Rate 62.90 62.90 67.30 58.10 percent [+]
Long Term Unemployment Rate 0.77 0.84 2.80 0.74 percent [+]
Youth Unemployment Rate 8.30 8.50 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 7070.00 7291.00 7313.00 2132.00 Thousand [+]
Job Offers 7079.00 6960.00 7293.00 2196.00 Thousand [+]
Challenger Job Cuts 53073.00 75644.00 248475.00 15100.00 Persons [+]
Wages 22.95 22.88 22.95 2.50 USD/Hour [+]
Wage Growth 4.60 4.79 13.78 -5.88 percent [+]
Wages in Manufacturing 21.82 21.67 21.82 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 60.60 64.70 55.00 percent [+]
Full Time Employment 129755.00 129212.00 129755.00 64640.00 Thousand [+]
Part Time Employment 27039.00 27297.00 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
53073.00 75644.00 248475.00 15100.00 1994 - 2018 Persons Monthly
NSA




Country Last Previous
United States 53073.00 Nov/18


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