Job cuts announced by US-based employers fell by 17.3 percent to 43,884 in December 2018 from 53,073 in the previous month, but rose 35.3 percent from 32,423 in the same month last year. Retailers announced 98,563 cuts, 29.5 percent higher than the 76,084 announced in December 2017. In 2018, 538,659 job cuts were announced, 28.6 percent higher than the 418,770 announced in 2017. This is the highest annual total since 598,510 cuts were recorded in 2015, and the second-highest total since 2011, when 606,082 cuts were announced. Retail cuts comprise 18.3 percent of all announced cuts this year. Challenger Job Cuts in the United States averaged 64908.39 Persons from 1994 until 2018, 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 55080.00 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 34000.00 in 12 months time. In the long-term, the United States Challenger Job Cuts is projected to trend around 31000.00 Persons in 2020, according to our econometric models.