Job cuts announced by US-based employers jumped 36.8 percent month-over-month and 153.6 percent year-on-year to 75,644 in October of 2018. It is the highest reading since July of 2015. Over half (58.2 percent) of October job cuts come from Verizon’s announcement that it will offer voluntary severance packages to 44,000 managers in an effort to save $10 billion. So far this year, 441,702 job cuts were announced, above 351,309 in the same period of 2017. Retail continues to lead all sectors in job cut announcements with 92,375, 7,350 of which occurred in October. Much of these cuts were tied to Sears’s bankruptcy and announcement of 142 additional store closures. With Verizon’s announcement, Telecommunications follows Retail in the highest number of job cuts this year, with 59,518. The Financial sector comes in third with 41,036 job cut plans, 2,101 in October. Challenger Job Cuts in the United States averaged 65018.65 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.

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 75.6K 64.1K


United States Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.70 3.70 10.80 2.50 percent [+]
Non Farm Payrolls 250.00 118.00 1115.00 -834.00 Thousand [+]
Nonfarm Payrolls Private 246.00 121.00 1089.00 -821.00 Thousand [+]
Government Payrolls 4.00 -3.00 427.00 -260.00 Thousand [+]
Manufacturing Payrolls 32.00 18.00 572.00 -519.00 Thousand [+]
Initial Jobless Claims 216.00 214.00 695.00 162.00 Thousand [+]
Continuing Jobless Claims 1676.00 1630.00 6635.00 988.00 Thousand [+]
ADP Employment Change 227.00 218.00 384.00 -836.00 Thousand [+]
Employed Persons 156562.00 155962.00 156562.00 57635.00 Thousand [+]
Unemployed Persons 6075.00 5964.00 15352.00 1596.00 Thousand [+]
Average Hourly Earnings 0.20 0.30 0.60 -0.20 percent [+]
Average Weekly Hours 34.50 34.50 34.60 33.70 Hours [+]
Labor Force Participation Rate 62.90 62.70 67.30 58.10 percent [+]
Long Term Unemployment Rate 0.84 0.85 2.80 0.74 percent [+]
Youth Unemployment Rate 8.30 8.50 19.50 7.80 percent [+]
Labour Costs 109.66 109.33 109.66 17.00 Index Points [+]
Productivity 105.67 105.10 105.67 26.03 Index Points [+]
Job Vacancies 7070.00 7291.00 7313.00 2132.00 Thousand [+]
Job Offers 7009.00 7293.00 7293.00 2196.00 Thousand [+]
Challenger Job Cuts 75644.00 55285.00 248475.00 15100.00 Persons [+]
Wages 22.89 22.82 22.89 2.50 USD/Hour [+]
Wage Growth 4.79 4.66 13.78 -5.88 percent [+]
Wages in Manufacturing 21.68 21.62 21.68 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 60.40 64.70 55.00 percent [+]
Full Time Employment 129212.00 128894.00 129212.00 64640.00 Thousand [+]
Part Time Employment 27297.00 27055.00 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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
75644.00 55285.00 248475.00 15100.00 1994 - 2018 Persons Monthly
NSA




Country Last
United States 75644.00 Oct/18


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