US May Challenger job cuts report 2 June 2016
- 30.2k vs 5.8k 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.
Not real price movers but all to add to the labour market picture ahead of weekly claims at 12.30 GMT and NFPs tomorrow.
