United States Challenger Job Cuts  1994-2017 | Data | Chart | Calendar

The pace of downsizing decreased in February of 2017 as U.S.-based employers announced plans to shed 36,957 workers from payrolls, down 19.5 percent from January. Retail continues to lead all sectors in job cuts as the industry pivots toward online and shrinks brick-and-mortar operations. Retailers announced 11,889 job cuts, with the largest layoff announcement coming from JC Penney which will close 140 stores and cut 5,500 jobs. The energy sector announced 4,077 layoffs and financials announced 3,292 cuts. Year-on-year, planned job cuts fell 40 percent. Employers have announced 82,891 job cuts so far this year, down 40 percent from the 136,713 job cuts announced through February of last year. Meanwhile, hiring is at an all-time high as employers have announced plans to hire 162,266 workers. The bulk came from Amazon’s January announcement to hire 100,000 workers. That is the highest January-February hiring total on record. Challenger Job Cuts in the United States averaged 66899.20 Persons from 1994 until 2017, reaching an all time high of 248475 Persons in January of 2002 and a record low of 15100 Persons in June of 1997.

United States Challenger Job Cuts
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2017-01-05 12:30 PM Dec 33.6K 26.9K 36K
2017-02-02 12:30 PM Jan 45.9K 33.6K 30.4K
2017-03-09 12:30 PM Feb 37K 45.9K 36K
2017-04-06 11:30 AM Mar 37K 40.6K
2017-05-04 11:30 AM Apr 42.5K
2017-06-01 11:30 AM May 40.6K




United States Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.70 4.80 10.80 2.50 percent [+]
Non Farm Payrolls 235.00 238.00 1115.00 -834.00 Thousand [+]
Nonfarm Payrolls Private 227.00 221.00 1089.00 -816.00 Thousand [+]
Government Payrolls 8.00 17.00 427.00 -260.00 Thousand [+]
Manufacturing Payrolls 28.00 11.00 572.00 -519.00 Thousand [+]
Initial Jobless Claims 261.00 246.00 695.00 162.00 Thousand [+]
Continuing Jobless Claims 1990.00 2025.00 6635.00 988.00 Thousand [+]
ADP Employment Change 298.00 261.00 384.00 -846.00 Thousand [+]
Employed Persons 152528.00 152081.00 152528.00 57635.00 Thousand [+]
Unemployed Persons 7528.00 7635.00 15352.00 1596.00 Thousand [+]
Average Hourly Earnings 0.20 0.20 0.60 -0.30 percent [+]
Average Weekly Hours 34.40 34.40 34.70 33.70 Hours [+]
Labor Force Participation Rate 63.00 62.90 67.30 58.10 percent [+]
Long Term Unemployment Rate 1.13 1.16 2.80 1.13 percent [+]
Youth Unemployment Rate 9.90 10.10 19.50 7.80 percent [+]
Labour Costs 111.21 110.75 111.21 17.12 Index Points [+]
Productivity 107.40 107.00 107.40 27.60 Index Points [+]
Job Vacancies 5582.00 5040.00 6197.00 2132.00 Thousand [+]
Job Offers 5626.00 5539.00 5973.00 2196.00 Thousands [+]
Challenger Job Cuts 36957.00 45934.00 248475.00 15100.00 Persons [+]
Wages 21.86 21.82 21.86 2.50 USD/Hour [+]
Wage Growth 4.47 3.76 13.77 -5.77 percent [+]
Minimum Wages 7.25 7.25 7.25 0.25 USD/Hour [+]
Wages in Manufacturing 20.65 20.66 20.67 1.27 USD/Hour [+]
Employment Cost Index 0.50 0.60 1.60 0.20 percent [+]
Labor Market Conditions Index 1.30 1.30 32.40 -49.00 Index Points [+]
Population 324.30 322.06 324.30 76.09 Million [+]
Retirement Age Women 66.00 66.00 66.00 66.00 [+]
Retirement Age Men 66.00 66.00 66.00 66.00 [+]
Wages High Skilled 4130.00 4150.00 4150.00 4000.00 USD/Month [+]
Living Wage Family 1496.20 1497.50 2680.00 1433.00 USD/Month [+]
Living Wage Individual 1407.76 1399.20 1407.76 1302.75 USD/Month [+]
Part Time Employment 27554.00 27405.00 28134.00 10086.00 Thousand [+]
Full Time Employment 125031.00 124705.00 125031.00 64640.00 Thousand [+]
Employment Rate 60.00 59.90 64.70 55.00 percent [+]
Wages Low Skilled 1780.00 1810.00 1860.00 1450.00 USD/Month [+]



United States Challenger Job Cuts Notes

Challenger Job-Cut Report provides information on the number of announced corporate layoffs by industry and region. This page provides the latest reported value for - United States Challenger Job Cuts - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Challenger Job Cuts - actual data, historical chart and calendar of releases - was last updated on March of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
36957.00 45934.00 248475.00 15100.00 1994 - 2017 Persons Monthly
NSA



Last
United States 36957.00 Feb/17