- Korea: GDP (Q4); Thailand Auto Sales (Feb)
- Turkey: Capacity Utilization, Business Tendency survey (Mar); South Africa: Tourism & Migration (Jan), Manufacturing Survey (Q1)
- Croatia: Tourism (Jan); Montenegro: Foreign Trade (Feb); Czech Republic: CPI by COICOP (Feb), Registered Employment (Q4); Kazakhstan: Loans & Deposits (Feb); Slovenia: Business Cycle Indicators (Mar); Russia: Employment by Industry (Q4);
- more updates...
Economy in Brief
Texas Factory Sector Activity Remains Strong
The Dallas Fed indicated in its Texas Manufacturing Outlook Survey that the General Business Activity Index eased during March...
EMU Money and Credit Growth Are Less Than Impressive Than Euro-PMIs
EMU nominal money supply growth is slightly higher over three months, but credit growth in the EMU is slower...
Durable Goods Orders Strengthened by Another Jump in Aircraft
New orders for durable goods rose 1.7% (5.0% y/y) during February...
Correction to Unemployment Insurance Weekly Claims
The Department of Labor has issued a correction to yesterday's annual revision to seasonally adjusted weekly unemployment claims...
EMU PMIs Are Off to the Races...Farewell Mediocrity?
The PMI rankings for the manufacturing and service sector PMIs in the EMU are suddenly off the chart...
U.S. New Home Sales Improve While Prices Decline
Sales of new single-family homes increased 6.1% (12.8% y/y) during February to 592,000 units (AR)...
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