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. source: Challenger, Gray and Christmas, Inc.

Challenger Job Cuts in the United States averaged 69075.01 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 February of 2021.

Challenger Job Cuts in the United States is expected to be 71000.00 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 55000.00 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
79552.00 77030.00 671129.00 15100.00 1994 - 2021 Persons Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-11-05 12:30 PM Oct 80.666K 118.804K 95K
2020-12-03 12:30 PM Nov 64.797K 80.666K 79K
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 79.552K
2021-04-01 11:30 AM Mar
2021-05-06 11:30 AM Apr
2021-06-03 11:30 AM May


News Stream
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
US Job Cuts Slow Down Further in November
US based employers announced 64,797 job cuts in November of 2020, below 80,666 in October, and the second-lowest monthly total for 2020. Still, the number is 45.4 percent higher than the 44,569 cuts in the same month last year. The majority of cuts came from entertainment/leisure companies, which announced 11,666 cuts, followed by technology (11,431) and transportation (10,455). “Not only are airlines having trouble with decreased travelers, but local transportation authorities are feeling the loss of ridership this year,” said Challenger. So far this year, 2,227,725 job cuts have been announced, 298 percent higher than the 559,713 cuts announced through November 2019. It is the highest annual total on record, led by entertainment/leisure companies with 857,620 job cuts announced.
2020-12-03
Companies in the US Cut the Least Jobs since February
US based employers announced 80,666 job cuts in October of 2020, well below 118,804 in September, and the least since February. Still, the number is 60 percent higher than the 50,275 cuts in the same month last year. The majority of redundancies continue to come from Entertainment/Leisure companies (14,876), energy (11,787), transportation (11,475) as airlines grapple with reduced travel and lower revenue, and services (9,471). So far this year, a record 2,162,928 job cuts have been announced, an increase of 320 percent from the same period a year ago. “The bulk of the announcements this year are indeed in industries directly impacted by shutdown orders and consumers’ wariness to spend money in such places, like restaurants, hotels, bars, and brick-and-mortar retail. We’ve now seen tens of thousands of cuts in industries outside Entertainment and Retail, indicating the impact is spreading,” said Andrew Challenger, Senior Vice President of Challenger, Gray & Christmas, Inc.
2020-11-05

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