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Economy

Economic Data (USA)

Thursday, May 05, 2016

Challenger Report on Corporate Layoffs for April 2016

Earlier today, the global outplacement consultancy Challenger, Gray and Christmas, Inc. released its report on Corporate Layoffs for April 2016:

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Job Cuts Announced During April 2016: 65,141
Previous month: 48,207
Change from previous month: +35.128%

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If corporate layoffs are high, consumer spending may decline, since there would be fewer people with steady jobs.

When corporate layoffs are low, this can mean that the job market is relatively tight, which can be a harbinger of wage inflation.

Click here to read the full Challenger, Gray and Christmas report.

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