Challenger Report on Corporate Layoffs for May 2016
Earlier today, the global outplacement consultancy Challenger, Gray and Christmas, Inc. released its report on Corporate Layoffs for May 2016:
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Job Cuts Announced During May 2016: 30,157
Previous month (revised): 64,141
Change from previous month: -52.983%
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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.
-------------------------------
Job Cuts Announced During May 2016: 30,157
Previous month (revised): 64,141
Change from previous month: -52.983%
-------------------------------
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.
Labels: challenger, corporate_layoffs, employment, job_cuts, jobs
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posted by Steve Brown | 6/02/2016 09:17:00 AM
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