Latest data released by Challenger, Gray, and Christmas Inc - 3 January 2019
- Prior +51.5%
- Layoffs 43.88k
- Prior 53.07k
The data provides information on the number of announced corporate layoffs by industry and region and acts as a general labour market indicator. Total job cuts in 2018 amounted to 538,659 and that's up 28.6% from the 2017 total and is the highest amount of cuts since 2015. Further details reveal that retail cuts comprised of 18.3% of all announced cuts in 2018.
As an aside, do be reminded that we'll have non-farm payrolls data tomorrow alongside other US labour market data; not to get too distracted by the flash crash focus today.
