- US: Advance Durable Goods, Advance Trade & Inventories (Mar)
- Canada: Payroll Employment, Earnings, & Hours (Feb)
- Spain: Advanced HICP & CPI, Construction Business Survey Press (Apr)
- Belgium: CPI (Apr)
- Brazil: PPI (Mar)
- Germany: GfK Consumer Climate Survey, State CPI: Bavaria, Saxony, Berlin, Hesse, North Rhine-Westphalia, Brandenburg (Apr)
- Building Permits (Feb)
- UK: Motor Vehicle Production (Mar)
- more updates...
Economy in Brief
U.S. Gasoline Prices Are Little-Changed; Crude Oil Falls
Regular gasoline prices of $2.45 per gallon last week (13.3% y/y)...
Japan's METI Indexes Show Ongoing Gains
The services sector is assessed by the METI indexes where it is named the 'tertiary sector.' That sector index rose to 104.1 in February...
U.S. New Home Sales & Prices Strengthen
Sales of new single-family homes increased 5.8% (15.6% y/y) during March to 621,000...
U.S. Consumer Confidence Backpedals
The Conference Board Consumer Confidence Index fell 3.7% during April (+27.0% y/y) to 120.3...
U.S. FHFA House Price Index Regains Strength
The FHFA U.S. house prices increased 0.8% during February (6.5% y/y)...
French Manufacturing and Service Sectors Weaken But Stay on Trend or Hold Recent Gains
The French manufacturing sector trend index is down to 1 in April from 3 in March...
by Tom Moeller January 7, 2016
The outplacement firm of Challenger, Gray & Christmas reported that job cut announcements during December fell to 23,622 (-27.6% y/y) following the prior month's decline to 30,953. The latest was the lowest since 2000. Layoffs fell in the aerospace/defense, computer, construction, consumer products, education, electronics, energy, government, health care, industrial goods, media, retail, services, transportation and utility industries. Layoffs rose in the apparel, automotive, chemical, entertainment/leisure, financial, food, insurance, legal, pharmaceutical, real estate and telecommunications industries. During the last ten years, there has been a 68% correlation between the level of job cut announcements and the m/m change in payroll employment.
During the last ten years, there has been a 68% correlation between the level of job cut announcements and the m/m change in payroll employment.
Challenger also samples firms' hiring plans. Hiring increased last month to 11,465 after a decline to 10,026 in November. Hiring rose in the computer, consumer products, financial, government, realss estate and transportation industries. Hiring fell in the automotive, construction, electronics, energy, food, health care, industrial goods, insurance, pharmaceutical, retail, services and telecommunications industries.
The Challenger figures are available in Haver's SURVEYS database.
Challenger, Gray & Christmas
Announced Job Cuts
Announced Hiring Plans