Job cuts announced by US-based employers fell by 34 percent to 40,023 in April 2019, the lowest level since last August, from 60,587 in the previous month. The biggest cuts were reported for Industrial Goods manufacturers (5,159), followed by Consumer Products manufacturers (4,705) and Automotive manufacturers (3,915). Still, April cuts were up 11 percent compared to 36,081 cuts announced in the same month of 2018. So far this year, employers have announced 230,433 job cuts, 31 percent higher than the 176,280 announced in the first four months of last year. Challenger Job Cuts in the United States averaged 64812.30 Persons from 1994 until 2019, reaching an all time high of 248475 Persons in January of 2002 and a record low of 15100 Persons in June of 1997.
Challenger Job Cuts in the United States is expected to be 43000.00 Persons by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Challenger Job Cuts in the United States to stand at 65000.00 in 12 months time. In the long-term, the United States Challenger Job Cuts is projected to trend around 55000.00 Persons in 2020, according to our econometric models.