- China: Industrial Profits (Mar); Philippines: Tourist Arrivals (Feb); Korea: GDP (Q1)
- New Zealand: Tourism Expenditure, International Reserves, RBNZ Analytical Accounts and Statistical Balance Sheet (Mar); Australia: Import and Export Price Indexes (Q1)
- Japan: Input Output Prices, International Trade, Lease Contracts (Mar), First 10 Days Trade (Apr)
- France: INSEE Household Survey (Apr), Registered Unemployed & Job
- 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 July 7, 2016
The outplacement firm of Challenger, Gray & Christmas reported that job cut announcements during June rose to 38,536 (-14.1% y/y) following May's sharp decline to 30,157. Layoffs increased in the aerospace/defense, automotive, chemical, commodities, consumer goods, electronics, entertainment/leisure, financial, food, insurance, media, retail, services, transportation and utility 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. Layoffs fell in the apparel, computer, construction, education, energy, government/nonprofit, health care, industrial goods, pharmaceutical and telecommunications industries.
Challenger also samples firms' hiring plans. Hiring eased 13,564 (+11.4% y/y) after rising 24,732 in May. It fell in the automotive, chemical, computer, education, energy, food, government & nonprofit, health care, industrial goods, insurance, media, retail, telecommunications and transportation industries. Hiring rose in the aerospace/defense, construction, consumer products, electronics, financial, services and utility industries.
The Challenger figures are available in Haver's SURVEYS database.
Challenger, Gray & Christmas
|Jun||May||Apr||Jun Y/Y %||2015||2014||2013|
Announced Job Cuts
Announced Hiring Plans