US-based employers announced 17,895 job cuts in September of 2021, slightly above a 24-year low of 15,723 in August. Still, September’s total is 85% lower than in the same month last year. Like in August, the most cuts were announced by companies in the Health Care/Products (2,673). Considering Q3, employers announced 52,560 job cuts, the lowest quarterly total since the second quarter of 1997. So far this year, employers have announced 265,221layoffs, down 87% from last year and the lowest January-September total on record. "Companies are in hiring and retention mode, and job seekers have a lot of power to make demands at the moment. We know there are millions of open positions, but many employers are having trouble keeping up with their applicants, taking too long to reach out, not making offers fast enough, or losing out to more attractive offers” 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 67973.12 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 October of 2021.
Challenger Job Cuts in the United States is expected to be 40000.00 Persons by the end of this quarter, according to Trading Economics global macro models and analysts expectations. 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.