US August Challenger job cuts +13.7% vs -4.2% y/y prior

Author: Justin Low | Category: News

Latest data released by Challenger, Gray, and Christmas Inc - 6 September 2018

  • Prior -4.2%
  • Layoffs 38.47k vs 27.12k prior
The data provides information on the number of announced corporate layoffs by industry and region and acts as a general labour market indicator. Quite a hefty amount of layoffs there but the data release here tends to be a bit volatile at times. Holds little bearing for market direction as the focus of the US labour market overview will be on tomorrow's jobs report.

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