- US: Advance Durable Goods, Advance Trade & Inventories (Mar)
- Brazil: PPI (Mar); Mexico: Compensation and Productivity (Feb)
- Canada: Payroll Employment, Earnings, & Hours (Feb)
- Spain: Advanced HICP & CPI, Construction Business Survey Press (Apr)
- Belgium: CPI (Apr)
- 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 October 6, 2016
The outplacement firm of Challenger, Gray & Christmas reported that job cut announcements during September rose to 44,324 (-24.7% y/y) and made up most of the August decline to 32,188. Layoffs rose in the aerospace/defense, chemical, commodities, education, electronics, financial, government/nonprofit, media, retail, telecommunications and utility industries. Layoffs fell in the apparel, automotive, computer, construction, consumer products, energy, entertainment/leisure, food, health care, industrial goods, insurance, pharmaceutical, services 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 jumped to 487,075 last month (-1.1% y/y) following a 9,101 rise in August. It rose in the computer, energy, entertainment/leisure, retail (where it surges every September), telecommunications and transportation (also where it often jumps in September) industries. Hiring fell in the aerospace/defense, apparel, automotive, construction, financial, food, health care, industrial goods, insurance and pharmaceutical industries.
The Challenger figures are available in Haver's SURVEYS database.
Challenger, Gray & Christmas
|Sep||Aug||Jul||Sep Y/Y %||2015||2014||2013|
Announced Job Cuts
Announced Hiring Plans