The latest US Challenger job cuts data was out just now 31 Aug
- August yy 5.1% vs -37.6% prev
- 33.8k vs 28.3k prev
Challenger Job Cuts, released by Challenger, Grey & Christmas monthly, provides information on the number of announced corporate layoffs by industry and region. The report is an indicator used by investors to determine the strength of the labor market. A lower than expected number should be taken as positive to the USD, while a higher than expected number as negative.
The jury remains out on what weight or clues this data carries btu we don't have too long to wait to find out.
Tomorrow's NFPS are expected in at:
