Latest data released by Challenger, Gray, and Christmas Inc - 4 April 2019
- Prior +117.2%
- Layoffs 60.59k
- Prior 76.84k
The data provides information on the number of announced corporate layoffs by industry and region and acts as a general labour market indicator. Job cuts continue to pick up as the total in Q1 amounted to 190,410 - the highest quarterly total since Q3 2015. The report mentions that workforce reductions are increasingly becoming a part of companies' decisions as they streamline and update their processes.
The release here doesn't provide much indication towards tomorrow's jobs report but at least it does give a sense of what is happening in the labour market and possibly inflation pressures (corporate streamlining -> cost/labour reduction -> lower prices -> more competitive).
