USA Challenger Job Cuts - YoY

Description

Released on a monthly basis by Challenger, Grey & Christmas, the Challenger Job Cuts report provides data on corporate layoffs by industry and region in the United States. The report is used to gauge the strength of the US labour market.
Latest Release: 04-12-2014 12:30:00
Next Release: 03-10-2013 11:30:00
Source:Challenger, Gray & Christmas, Inc.
Falling US Unemployment Numbers
Oct 2nd, 2014 at 12:38 PM

The official US Unemployment Rate, along with the Non Farm Payrolls for September are not due to be announced until tomorrow afternoon, but some insight can be gained into the likely strength of these statistics from today’s labor market change numbers. The Challenger Job Cuts reading for the month of September has been reported as 30.477k year on year, this is a significant fall from the August reading of 40.010k.

Initial Jobless Claims for the week ending 26th September have been revealed as 287k, the prior week’s number was 297k and the expectation was for a level of 296k today. Continuing Jobless Claims now stand at 2.398M according to the latest reading for the week ending 19th September, this follows on from the prior week’s 2.443M recording, the market consensus estimate was for a number closer to 2.438M.

Steadily improving unemployment in the US meant that the jobless figures became a secondary situation for policy makers during much of the early part of this year. Officially...