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.