Latest data released by Challenger, Gray, and Christmas Inc - 6 June 2019
- Prior +10.9%
- Layoffs 58.58k
- Prior 40.02k
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 aren't really slowing down as the report notes that industrial manufacturing and automotive companies are increasing the number of layoffs. Of note, these are also the industries that are most likely to be hurt by a potential trade war with Mexico.
That said, there isn't much to gather from the release here that will tell us anything about the non-farm payrolls report tomorrow.
