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.