Job cuts announced by US-based companies tumbled 86 percent year-on-year to a 33-month low of 30,603 in March 2021, from the 222,288 job cuts announced in the same month last year, when first wave of layoffs occurred due to the pandemic and subsequent lockdowns. March’s total was also 11 percent lower than the 34,531 cuts announced in February. Job cuts were led by companies in the aerospace/defense industry, which has announced 31,073 cuts in March, followed by telecommunications with 24,157 cuts and retail with 11,932 cuts. Through the first quarter, 144,686 job cuts have been announced, 58 percent lower than the 346,683 announced in the first quarter of 2020. source: Challenger, Gray and Christmas, Inc.
Challenger Job Cuts in the United States averaged 68851.72 Persons from 1994 until 2021, reaching an all time high of 671129 Persons in April of 2020 and a record low of 15100 Persons in June of 1997. This page provides the latest reported value for - United States Challenger Job Cuts - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Challenger Job Cuts - data, historical chart, forecasts and calendar of releases - was last updated on April of 2021.
Challenger Job Cuts in the United States is expected to be 35000.00 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 50000.00 in 12 months time. In the long-term, the United States Challenger Job Cuts is projected to trend around 55000.00 Persons in 2022, according to our econometric models.