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