- Japan: First Ten Days Trade (Mar), International Trade, Foreign Banks Foreign Banks in Japan (Feb)
- New Zealand: Tourism Expenditure, International Reserves, RBNZ Analytical Accounts/Statistical Balance Sheet, Foreign Currency Assets, Liabilities, and Currency Flows (Feb); Australia: Flow of Funds (Q4), Job Vacancies (Q1)
- Korea: Building Permits (Feb); Philippines: LFS (Q3)
- US: IIP (Q4)
- more updates...
Economy in Brief
U.S. Mortgage Loan Applications Remain Little Changed; Variable Rate Apps Surge
The MBA total Mortgage Market Volume Index slipped 0.8% last week (-12.4% y/y)...
La Dolce Vita? Italian Confidence Bumps Higher
Italian business and consumer confidence moved higher in March...
U.S. Consumer Confidence Improves Significantly
The Conference Board Consumer Confidence Index for March strengthened 8.2% (30.7% y/y) to 125.6...
U.S. Energy Product Prices Remain Under Pressure
Regular gasoline prices held steady at $2.32 per gallon last week (12.1% y/y) for the third straight week...
German Federal Debt Levels Fall
German debt level fell outright in Q4 2016 as the ratio of federal debt-to-GDP also fell...
NABE 2018 Forecast: Modest Improvement in Economic Growth & Higher Inflation
The NABE expects 2.5% real U.S. economic growth in 2018 compared to 2.3% forecast for 2017...
by Tom Moeller September 1, 2016
The outplacement firm of Challenger, Gray & Christmas reported that job cut announcements during August dropped to 31,188 (-21.8% y/y) following July's increase to 45,346. Layoffs declined in the aerospace/defense, chemical, computer, electronics, financial, food, real estate, retail and services industries. Layoffs rose in the apparel, automotive, commodities, construction, consumer products, education, entertainment/leisure, government, health care, industrial goods, insurance, media, pharmaceutical, telecommunications, 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.
Challenger also samples firms' hiring plans. Hiring increased to 9,101 last month (-22.7% y/y) after rising to 16,051 in July. It rose in the aerospace/defense, apparel, computer, entertainment/leisure, insurance, pharmaceutical, telecommunications and transportation industries. Hiring fell in the automotive, construction, consumer goods, education, electronics, financial, government, health care, industrial goods, legal, media, retail and services industries.
The Challenger figures are available in Haver's SURVEYS database.
Challenger, Gray & Christmas
|Aug||Jul||Jun||Aug Y/Y %||2015||2014||2013|
Announced Job Cuts
Announced Hiring Plans