Latest data released by Challenger, Gray, and Christmas Inc - 7 March 2019
- Prior +18.7%
- Layoffs 76.84k
- Prior 52.99k
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 jump by 45% higher than in January as once again retailers lead the cuts with autos not far away, citing restructuring as the main reason for layoffs seen.
But notably on the month, layoffs are a bit skewed as the US army cuts over 50,000 jobs.