Job cuts announced by US-based employers increased by 45% to 76,835 in February of 2019 from 52,988 in the previous month, and were up by 117% from a year earlier. They are the highest job cuts for any month since July 2015 primarily due to the US Army’s cutting over 50,000 jobs and tanking oil prices, causing thousands of cuts in the energy sector. Most cuts were announced in the industrial goods industry (29,665) and retail (18,874), which include the announcement by Payless ShoeSource that 16,000 associates would lose their jobs as the company closes 2,500 stores. So far this year, companies have announced 129,823 job cuts mostly among retailers (41,201), above 80,022 in the first two months of 2018. The majority of cuts this year are due to restructuring (42,882 layoff announcements); bankruptcy has claimed 38,863 jobs; technological updates were directly blamed for 1,022 cuts; and companies relocating operations overseas claimed 683 jobs, while tariffs led to 300 cuts. Challenger Job Cuts in the United States averaged 64908.33 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 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.

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


United States Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.80 4.00 10.80 2.50 percent [+]
Non Farm Payrolls 20.00 311.00 1118.00 -1959.00 Thousand [+]
Nonfarm Payrolls Private 25.00 308.00 1092.00 -811.00 Thousand [+]
Government Payrolls -5.00 3.00 427.00 -260.00 Thousand [+]
Manufacturing Payrolls 4.00 21.00 572.00 -519.00 Thousand [+]
Initial Jobless Claims 221.00 230.00 695.00 162.00 Thousand [+]
Continuing Jobless Claims 1750.00 1777.00 6635.00 988.00 Thousand [+]
ADP Employment Change 183.00 300.00 360.00 -706.00 Thousand [+]
Employed Persons 156949.00 156694.00 156949.00 57635.00 Thousand [+]
Unemployed Persons 6235.00 6535.00 15352.00 1596.00 Thousand [+]
Average Hourly Earnings 0.40 0.10 0.60 -0.20 percent [+]
Average Weekly Hours 34.40 34.50 34.60 33.70 Hours [+]
Labor Force Participation Rate 63.20 63.20 67.30 58.10 percent [+]
Long Term Unemployment Rate 0.78 0.77 4.40 0.08 percent [+]
Youth Unemployment Rate 8.90 9.10 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 7484.00 6890.00 7484.00 2132.00 Thousand [+]
Job Offers 7581.00 7479.00 7626.00 2264.00 Thousand [+]
Challenger Job Cuts 76835.00 52988.00 248475.00 15100.00 Persons [+]
Wages 23.18 23.10 23.18 2.50 USD/Hour [+]
Wage Growth 4.16 4.52 13.78 -5.88 percent [+]
Wages in Manufacturing 21.89 21.86 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 60.70 64.70 55.00 percent [+]
Full Time Employment 130159.00 129837.00 130159.00 64640.00 Thousand [+]
Part Time Employment 26878.00 26752.00 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 March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
76835.00 52988.00 248475.00 15100.00 1994 - 2019 Persons Monthly
NSA




Country Last Previous
United States 76835.00 Feb/19


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