Job cuts announced by US-based employers fell by 21% to 60,587 in March of 2019 from 76,835 in the previous month, but were up by 0.4% from a year earlier. Most cuts were announced in the auto sector (8,838), energy (8,149), financial (4,884), retail (4,860) and media (3,365). Considering Q1, cuts totalled 190,410, 10.3% higher than the 172,601 cuts announced in Q4 2018 and 35.6% higher than the 140,379 announced Q1 2018. It is the highest quarterly total since Q3 2015, when 205,759 cuts were announced. It is also the highest first quarter total since 2009, when 562,510 cuts were recorded. The majority of cuts this year are due to “restructuring;” 49,868 cuts have been announced due to this reason. Bankruptcy claimed another 40,218 this year, a 33.8% increase over the first quarter of last year. Another 27,380 cuts were due to plant, unit, or store closings, 104.7% higher than the 13,374 cuts due to closings through this point last year. Challenger Job Cuts in the United States averaged 64894.15 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 36000.00 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 62100.00 in 12 months time. In the long-term, the United States Challenger Job Cuts is projected to trend around 41000.00 Persons in 2020, according to our econometric models.

United States Challenger Job Cuts
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Calendar GMT Actual Previous Consensus TEForecast
2019-01-03 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 76.8K 53K 49K
2019-04-04 11:30 AM Challenger Job Cuts 60.6K 76.8K 55.1K
2019-05-02 11:30 AM Challenger Job Cuts 60.6K 50K
2019-06-06 11:30 AM Challenger Job Cuts
2019-07-03 11:30 AM Challenger Job Cuts 36K


United States Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.80 3.80 10.80 2.50 percent [+]
Non Farm Payrolls 196.00 33.00 1118.00 -1959.00 Thousand [+]
Nonfarm Payrolls Private 182.00 28.00 1092.00 -811.00 Thousand [+]
Government Payrolls 14.00 5.00 427.00 -260.00 Thousand [+]
Manufacturing Payrolls -6.00 1.00 572.00 -519.00 Thousand [+]
Initial Jobless Claims 192.00 197.00 695.00 162.00 Thousand [+]
Continuing Jobless Claims 1653.00 1716.00 6635.00 988.00 Thousand [+]
ADP Employment Change 129.00 197.00 360.00 -706.00 Thousand [+]
Employed Persons 156748.00 156949.00 156949.00 57635.00 Thousand [+]
Unemployed Persons 6211.00 6235.00 15352.00 1596.00 Thousand [+]
Average Hourly Earnings 0.10 0.40 0.60 -0.20 percent [+]
Average Weekly Hours 34.50 34.40 34.60 33.70 Hours [+]
Labor Force Participation Rate 63.00 63.20 67.30 58.10 percent [+]
Long Term Unemployment Rate 0.80 0.78 4.40 0.08 percent [+]
Youth Unemployment Rate 8.80 8.90 19.50 7.80 percent [+]
Labour Costs 109.78 109.25 109.78 17.00 Index Points [+]
Productivity 106.10 105.61 106.10 26.03 Index Points [+]
Job Vacancies 6708.00 7484.00 7484.00 2132.00 Thousand [+]
Job Offers 7087.00 7625.00 7626.00 2264.00 Thousand [+]
Challenger Job Cuts 60587.00 76835.00 248475.00 15100.00 Persons [+]
Wages 23.24 23.18 23.24 2.50 USD/Hour [+]
Wage Growth 4.20 4.24 13.78 -5.88 percent [+]
Wages in Manufacturing 21.93 21.91 21.94 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 60.60 60.70 64.70 55.00 percent [+]
Full Time Employment 129969.00 130159.00 130159.00 64640.00 Thousand [+]
Part Time Employment 26938.00 26878.00 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 April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
60587.00 76835.00 248475.00 15100.00 1994 - 2019 Persons Monthly
NSA




Country Last Previous
United States 60587.00 Mar/19


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