- Korea: Housing Price Index (Apr)
- US: Consumer Sentiment (Apr-final), GDP (Q1 Adv), ECI (Q1)
- Consumer Sentiment Detail (Apr-final)
- US: Selected NIPA Tables (Q1-Adv), Summary key Source Data (Q1)
- Canada: GDP by Industry (Feb), Industrial Product Prices (Mar)
- *Taiwan National House Price Indexes Rebased to 2016=100.*
- Euro area: HICP (Apr-Flash), ECB Survey of Professional Forecasters (Q2)
- Italy: CPI, HICP (Apr-Prelim)
- Brazil: Sao Paolo Capacity Utilization (Mar);Mexico: Debt (Mar);
- more updates...
Economy in Brief
U.S. Employment Cost Index Has Stronger Gain
Lifted by outsized rises in several industries, the employment cost index for civilian workers rose 0.8% (2.4% y/y) during Q1'17...
Chicago Purchasing Managers Index Strengthens
The Chicago Purchasing Managers Business Barometer Index for April increased to 58.3 from 57.7 in March...
EMU Money and Credit Perk Up
There is some noticeable acceleration in EMU money and credit growth...
Durable Goods Orders Improvement Moderates
New orders for durable goods rose 0.7% (4.5% y/y) during March...
U.S. Initial Claims for Unemployment Insurance Increase
Initial unemployment claims for unemployment insurance rose to 257,000 during the week ended April 22...
U.S. Pending Home Sales Ease
The National Association of Realtors (NAR) reported that pending home sales slipped 0.8% ((+0.8% y/y) during March...
by Tom Moeller May 5, 2016
The outplacement firm of Challenger, Gray & Christmas reported that job cut announcements during April rose to 65,141 (5.8% y/y) following the prior month's unrevised decline to 48,207. Layoffs increased in the aerospace/defense, automotive, chemical, commodities, computer, construction, energy, financial, government/nonprofit, industrial goods and pharmaceutical industries. Layoffs declined in the apparel, consumer products, education, electronics, entertainment/leisure, food, health care, insurance, legal, media, real estate, retail, services, telecommunications and transportation 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.
Challenger also samples firms' hiring plans. Hiring increased 11,557 (-16.8% y/y) after rising 10,997 in March. It rose in the automotive, construction, consumer products, electronics, government/nonprofit, health care, industrial goods, transportation and utility industries. Hiring fell in the chemical, computer, entertainment/leisure, food, insurance, media, pharmaceutical, retail, services, telecommunications industries.
The Challenger figures are available in Haver's SURVEYS database.
Challenger, Gray & Christmas
|Apr||Mar||Feb||Apr Y/Y %||2015||2014||2013|
Announced Job Cuts
Announced Hiring Plans