US-based employers announced plans to cut 41,977 jobs from their payrolls in June 2019, 13 percent higher than the 37,202 cuts announced last year. That was the eleventh consecutive month of annual increases. So far this year, employers have announced plans to cut 330,987 jobs, a 35 percent increase from the 245,179 cuts announced through the first half of last year. This year marks the highest first-half total since 2009, when 896,675 job cuts were announced. The biggest job cuts were announced in the Industrial Goods sector (up 562 percent to 47,651), followed by Automotive makers and suppliers (up 190 percent to 32,350), Technology sector (up 266 percent to 21,777) and Energy sector (up 185 percent to 14,527). Challenger Job Cuts in the United States averaged 64717.33 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 61000.00 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 48000.00 in 12 months time. In the long-term, the United States Challenger Job Cuts is projected to trend around 55000.00 Persons in 2020, according to our econometric models.