US-based companies announced 20,476 job cuts in June of 2021, the least since June of 2000 and 88% lower than in the same period last year. “Companies are holding on tight to their workers during a time of record job openings and very high job seeker confidence. We haven’t seen job cuts this low since the Dot-Com boom”, said Andrew Challenger, Senior Vice President of Challenger, Gray & Christmas, Inc. So far this year, employers have announced plans to cut 212,661 jobs, down 87% from the same period last year and the least since 1995 with the most redundancies announced in the Aerospace/Defense, Telecommunications and Energy. source: Challenger, Gray and Christmas, Inc.

Challenger Job Cuts in the United States averaged 68431.78 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 July of 2021.

Challenger Job Cuts in the United States is expected to be 35000.00 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 45000.00 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.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
United States Challenger Job Cuts

Actual Previous Highest Lowest Dates Unit Frequency
20476.00 24586.00 671129.00 15100.00 1994 - 2021 Persons Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-04-01 11:30 AM Mar 30.603K 34.531K 30K
2021-05-06 11:30 AM Apr 22.913K 30.603K 25K
2021-06-03 11:30 AM May 24.586K 22.913K 20K
2021-07-01 11:30 AM Jun 20.476K 24.586K 30K
2021-08-05 11:30 AM Jul 20.476K
2021-09-02 11:30 AM Aug
2021-10-07 11:30 AM Sep
2021-11-04 11:30 AM Oct


News Stream
US Companies Cut the Least Jobs in 21 Years
US-based companies announced 20,476 job cuts in June of 2021, the least since June of 2000 and 88% lower than in the same period last year. “Companies are holding on tight to their workers during a time of record job openings and very high job seeker confidence. We haven’t seen job cuts this low since the Dot-Com boom”, said Andrew Challenger, Senior Vice President of Challenger, Gray & Christmas, Inc. So far this year, employers have announced plans to cut 212,661 jobs, down 87% from the same period last year and the least since 1995 with the most redundancies announced in the Aerospace/Defense, Telecommunications and Energy.
2021-07-01
US Job Cuts Remain Close to 21-Year Low in May
US-based companies announced 24,586 job cuts in May of 2021, slightly more than a 21-year low of 22,913 hit in April, with the most redundancies reported in health care/products (2,775) and education (2,617) including early childhood education. Still, job cuts were down 93.8% from May 2020, when employers announced 397,016 cuts. So far this year, employers have announced plans to cut 192,185 jobs, down 86% from the 1,414,828 through the same period last year. "Many employers, especially those hit hard during the pandemic, such as Retailers and Hospitality and Leisure companies, are having a difficult time finding workers. Many are offering signing bonuses or higher wages to attract workers” said Andrew Challenger, Senior Vice President of Challenger, Gray & Christmas, Inc.
2021-06-03
US Job Cuts Drop to 21-Year Low in April
Job cuts announced by US-based companies fell 25 percent from a month earlier to 22,913 in April 2021, the lowest level since June 2000. They were also down 96.6 percent from April 2020, when employers announced 671,129 cuts, the highest monthly total on record. So far this year, employers have announced plans to cut 167,599 jobs from their payrolls, down 84 percent from the 1,017,812 jobs eliminated through the same period last year. Aerospace/Defense leads all industries in job cuts this year with 32,003, a 28 percent increase over the 25,050 cuts announced through April 2020. Telecommunications follows with 24,639 cuts, down 12 percent from the 27,961 cuts announced last year.
2021-05-06
US Job Cuts Fall 86% in March: Challenger
Job cuts announced by US-based companies tumbled 86 percent year-on-year to a 33-month low of 30,603 in March 2021, from the 222,288 job cuts announced in the same month last year, when first wave of layoffs occurred due to the pandemic and subsequent lockdowns. March’s total was also 11 percent lower than the 34,531 cuts announced in February. Job cuts were led by companies in the aerospace/defense industry, which has announced 31,073 cuts in March, followed by telecommunications with 24,157 cuts and retail with 11,932 cuts. Through the first quarter, 144,686 job cuts have been announced, 58 percent lower than the 346,683 announced in the first quarter of 2020.
2021-04-01

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