Challenger Job Cuts Report for September 2024

The global outplacement consultancy Challenger, Gray and Christmas, Inc. released its job cuts report, for September 2024:

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Job Cuts Announced During September 2024: 72,821

• Previous month: 75,891

• Change from previous month: -4.05% (-3,070 cuts)

• Change from one year previous: +53.45% (+25,364 cuts)
  

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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.
 

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Challenger Report - Announced Jobs Cuts
September 2024 UPDATE

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Challenger Report - Month by Month TOTALS
September 2024 UPDATE
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• Click here to read the full Challenger, Gray and Christmas report

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New Unemployment Insurance Claims for The Week of September 14, 2024

Jobless Claims

Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on September 14, 2024:

====================

Predicted: 220,000

• Actual: 219,000

====================

The yellow-highlighted figure represents the number of first-time claims for unemployment benefits for the entire United States. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

• Previous Week (revised): 231,000

• 4-Week Moving Average: 227,500

====================

• Click here to view the full Labor Department report

====================

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New Unemployment Insurance Claims for The Week of July 13, 2024

Jobless Claims

Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on July 13, 2024:

====================

Predicted: 240,000

• Actual: 243,000

====================

The yellow-highlighted figure represents the number of first-time claims for unemployment benefits for the entire United States. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

• Previous Week (revised): 223,000

• 4-Week Moving Average: 234,750

====================

• Click here to view the full Labor Department report

====================

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New Unemployment Insurance Claims for The Week of June 29, 2024

Jobless Claims

Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on June 29, 2024:

====================

Predicted: 235,000

• Actual: 238,000

====================

The yellow-highlighted figure represents the number of first-time claims for unemployment benefits for the entire United States. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

• Previous Week (revised): 234,000

• 4-Week Moving Average: 238,500

====================

• Click here to view the full Labor Department report

====================

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Job Openings and Labor Turnover Survey (JOLTS) for May 2024

Job Openings and Labor Turnover Survey (JOLTS*) for May 2024 was released by the Labor Department this morning:

=============

Job Openings

Predicted: 8,000,000

• Actual:   8,140,000

-------------------------

• Previous Month (revised): 7,919,000
  
  
• One Year Previous: 9,311,000
  
  
• Change from one year previous: -12.58% (-1,171,000)
  

=============

HIRES: 5,756,000

HIRES vs. 12 Months Previous: -6.73% (-415,000)

-----------

QUITS: 3,459,000

QUITS vs. 12 Months Previous: -13.72% (-550,000)

-----------

LAYOFFS + DISCHARGES: 1,654,000 

LAYOFFS + DISCHARGES vs. 12 Months Previous: +8.03% (+123,000)

-----------

TOTAL SEPARATIONS ^§: 5,422,000

TOTAL SEPARATIONS vs. 12 Months Previous: -7.25% (-424,000)

=============

 

§ = Here's How The Labor Department Defines Total Separations:

"Total separations includes quits, layoffs and discharges, and other separations. Total separations is referred to as turnover. Quits are generally voluntary separations initiated by the employee. Therefore, the quits rate can serve as a measure of workers’ willingness or ability to leave jobs. Layoffs and discharges are involuntary separations initiated by the employer. Other separations includes separations due to retirement, death, disability, and transfers to other locations of the same firm."

=============

CHART: Number of Jobless People
per Job Opening
MAY 2024 UPDATE

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=============

• * = The JOLTS data series began back in December of 2000. 
  
  
• Click here to view the full Labor Department JOLTS report.
  
  

============= 

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New Unemployment Insurance Claims for The Week of June 1, 2024

Jobless Claims

Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on June 1, 2024:

====================

Predicted: 220,000

• Actual: 229,000

====================

The yellow-highlighted figure represents the number of first-time claims for unemployment benefits for the entire United States. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

• Previous Week (revised): 221,000

• 4-Week Moving Average: 222,250

====================

• Click here to view the full Labor Department report

====================

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New Unemployment Insurance Claims for The Week of May 25, 2024

Jobless Claims

Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on May 25, 2024:

====================

Predicted: 220,000

• Actual: 219,000

====================

The yellow-highlighted figure represents the number of first-time claims for unemployment benefits for the entire United States. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

• Previous Week (revised): 216,000

• 4-Week Moving Average: 222,500

====================

• Click here to view the full Labor Department report

====================

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New Unemployment Insurance Claims for The Week of May 4, 2024

Jobless Claims

Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on May 4, 2024:

====================

Predicted: 220,000

• Actual: 231,000

====================

The yellow-highlighted figure represents the number of first-time claims for unemployment benefits for the entire United States. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

• Previous Week (revised): 209,000

• 4-Week Moving Average: 215,000

====================

• Click here to view the full Labor Department report

====================

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Job Openings and Labor Turnover Survey (JOLTS) for March 2024

Job Openings and Labor Turnover Survey (JOLTS*) for March 2024 was released by the Labor Department this morning:

=============

Job Openings

Predicted: 8,500,000

• Actual:   8,488,000

-------------------------

• Previous Month (revised): 8,813,000
  
  
• One Year Previous: 9,623,000
  
  
• Change from one year previous: -11.79% (-1,135,000)
  

=============

HIRES: 5,500,000

HIRES vs. 12 Months Previous: -7.64% (-455,000)

-----------

QUITS: 3,329,000

QUITS vs. 12 Months Previous: -12.6% (-480,000)

-----------

LAYOFFS + DISCHARGES: 1,526,000 

LAYOFFS + DISCHARGES vs. 12 Months Previous: -16.38% (-299,000)

-----------

TOTAL SEPARATIONS ^§: 5,200,000

TOTAL SEPARATIONS vs. 12 Months Previous: -12.12% (-717,000)

=============

 

§ = Here's How The Labor Department Defines Total Separations:

"Total separations includes quits, layoffs and discharges, and other separations. Total separations is referred to as turnover. Quits are generally voluntary separations initiated by the employee. Therefore, the quits rate can serve as a measure of workers’ willingness or ability to leave jobs. Layoffs and discharges are involuntary separations initiated by the employer. Other separations includes separations due to retirement, death, disability, and transfers to other locations of the same firm."

=============

CHART: Number of Jobless People
per Job Opening
MARCH 2024 UPDATE

=============

• * = The JOLTS data series began back in December of 2000. 
  
  
• Click here to view the full Labor Department JOLTS report.
  
  

============= 

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New Unemployment Insurance Claims for The Week of April 20, 2024

Jobless Claims

Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on April 20, 2024:

====================

Predicted: 210,000

• Actual: 207,000

====================

The yellow-highlighted figure represents the number of first-time claims for unemployment benefits for the entire United States. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

• Previous Week (unrevised): 212,000

• 4-Week Moving Average: 213,250

====================

• Click here to view the full Labor Department report

====================

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New Unemployment Insurance Claims for The Week of March 16, 2024

Jobless Claims

Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on March 16, 2024:

====================

Predicted: 210,000

• Actual: 210,000

====================

The yellow-highlighted figure represents the number of first-time claims for unemployment benefits for the entire United States. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

• Previous Week (revised): 212,000

• 4-Week Moving Average: 211,250

====================

• Click here to view the full Labor Department report

====================

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Job Openings and Labor Turnover Survey (JOLTS) for January 2024

Job Openings and Labor Turnover Survey (JOLTS*) for January 2024 was released by the Labor Department this morning:

=============

Job Openings

Predicted: 8,800,000

• Actual:   8,863,000

-------------------------

• Previous Month (revised): 8,889,000
  
  
• One Year Previous: 10,425,000
  
  
• Change from one year previous: -15.0% (-1,562,000)
  

=============

HIRES: 5,687,000

HIRES vs. 12 Months Previous: -10.78% (-687,000)

-----------

QUITS: 3,385,000

QUITS vs. 12 Months Previous: -12.8% (-497,000)

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LAYOFFS + DISCHARGES: 1,572,000 

LAYOFFS + DISCHARGES vs. 12 Months Previous: -15.85% (-296,000)

-----------

TOTAL SEPARATIONS ^§: 5,341,000

TOTAL SEPARATIONS vs. 12 Months Previous: -11.23% (-676,000)

=============

 

§ = Here's How The Labor Department Defines Total Separations:

"Total separations includes quits, layoffs and discharges, and other separations. Total separations is referred to as turnover. Quits are generally voluntary separations initiated by the employee. Therefore, the quits rate can serve as a measure of workers’ willingness or ability to leave jobs. Layoffs and discharges are involuntary separations initiated by the employer. Other separations includes separations due to retirement, death, disability, and transfers to other locations of the same firm."

=============

CHART: Number of Jobless People
per Job Opening
JANUARY 2024 UPDATE

=============

• * = The JOLTS data series began back in December of 2000. 
  
  
• Click here to view the full Labor Department JOLTS report.
  
  

=============

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New Unemployment Insurance Claims for The Week of February 17, 2024

Jobless Claims

Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on February 17, 2024:

====================

Predicted: 215,000

• Actual: 201,000

====================

The yellow-highlighted figure represents the number of first-time claims for unemployment benefits for the entire United States. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

• Previous Week (revised): 213,000

• 4-Week Moving Average: 215,250

====================

• Click here to view the full Labor Department report

====================

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New Unemployment Insurance Claims for The Week of February 3, 2024

Jobless Claims

Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on February 3, 2024:

====================

Predicted: 220,000

• Actual: 218,000

====================

The yellow-highlighted figure represents the number of first-time claims for unemployment benefits for the entire United States. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

• Previous Week (revised): 227,000

• 4-Week Moving Average: 212,250

====================

• Click here to view the full Labor Department report

====================

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New Unemployment Insurance Claims for The Week of November 11, 2023

Jobless Claims

Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on November 11, 2023:

====================

Predicted: 220,000

• Actual: 231,000

====================

The yellow-highlighted figure represents the number of first-time claims for unemployment benefits for the entire United States. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

• Previous Week (revised): 218,000

• 4-Week Moving Average: 220,250

====================

• Click here to view the full Labor Department report

====================

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Job Openings and Labor Turnover Survey (JOLTS) for September 2023

Job Openings and Labor Turnover Survey (JOLTS*) for September 2023 was released by the Labor Department this morning:

=============

Job Openings

Predicted: 9,400,000

• Actual:    9,553,000

-------------------------

• Previous Month (revised): 9,497,000
  
  
• One Year Previous: 10,854,000
  
  
• Change from one year previous: -11.99% (-1,301,000)
  

=============

HIRES: 5,871,000

HIRES vs. 12 Months Previous: -5.7% (-355,000)

-----------

QUITS: 3,661,000

QUITS vs. 12 Months Previous: -9.94% (-404,000)

-----------

LAYOFFS + DISCHARGES: 1,517,000 

LAYOFFS + DISCHARGES vs. 12 Months Previous: +5.64% (+81,000)

-----------

TOTAL SEPARATIONS ^§: 5,530,000

TOTAL SEPARATIONS vs. 12 Months Previous: -4.82% (-280,000)

=============

 

§ = Here's How The Labor Department Defines Total Separations:

"Total separations includes quits, layoffs and discharges, and other separations. Total separations is referred to as turnover. Quits are generally voluntary separations initiated by the employee. Therefore, the quits rate can serve as a measure of workers’ willingness or ability to leave jobs. Layoffs and discharges are involuntary separations initiated by the employer. Other separations includes separations due to retirement, death, disability, and transfers to other locations of the same firm."

=============

CHART: Job Openings Rate
 September 2023 UPDATE

=============

• * = The JOLTS data series began back in December of 2000. 
  
  
• Click here to view the full Labor Department JOLTS report.
  
  

============= 

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New Unemployment Insurance Claims for The Week of November 4, 2023

Jobless Claims

Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on November 4, 2023:

====================

Predicted: 220,000

• Actual: 217,000

====================

The yellow-highlighted figure represents the number of first-time claims for unemployment benefits for the entire United States. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

• Previous Week (revised): 220,000

• 4-Week Moving Average: 212,250

====================

• Click here to view the full Labor Department report

====================

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Job Openings and Labor Turnover Survey (JOLTS) for August 2023

Job Openings and Labor Turnover Survey (JOLTS*) for August 2023 was released by the Labor Department this morning:

=============

Job Openings

Predicted: 9,500,000

• Actual:    9,610,000

-------------------------

• Previous Month (revised): 8,920,000
  
  
• One Year Previous: 10,198,000
  
  
• Change from one year previous: -5.77% (-588,000)
  

=============

HIRES: 5,857,000

HIRES vs. 12 Months Previous: -9.59% (-621,000)

-----------

QUITS: 3,638,000

QUITS vs. 12 Months Previous: -14.24% (-604,000)

-----------

LAYOFFS + DISCHARGES:  1,680,000 

LAYOFFS + DISCHARGES vs. 12 Months Previous: +3.26% (+53,000)

-----------

TOTAL SEPARATIONS ^§: 5,676,000

TOTAL SEPARATIONS vs. 12 Months Previous: -9.1% (-568,000)

=============

 

§ = Here's How The Labor Department Defines Total Separations:

"Total separations includes quits, layoffs and discharges, and other separations. Total separations is referred to as turnover. Quits are generally voluntary separations initiated by the employee. Therefore, the quits rate can serve as a measure of workers’ willingness or ability to leave jobs. Layoffs and discharges are involuntary separations initiated by the employer. Other separations includes separations due to retirement, death, disability, and transfers to other locations of the same firm."

=============

CHART: Job Openings Rate
 August 2023 UPDATE

=============

• * = The JOLTS data series began back in December of 2000. 
  
  
• Click here to view the full Labor Department JOLTS report.
  
  

============= 

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New Unemployment Insurance Claims for The Week of September 23, 2023

Jobless Claims

Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on September 23, 2023:

====================

Predicted: 210,000

• Actual: 204,000

====================

The yellow-highlighted figure represents the number of first-time claims for unemployment benefits for the entire United States. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

• Previous Week (revised): 202,000

• 4-Week Moving Average: 211,000

====================

• Click here to view the full Labor Department report

====================

 

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New Unemployment Insurance Claims for The Week of September 16, 2023

Jobless Claims

Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on September 16, 2023:

====================

Predicted: 225,000

• Actual: 201,000

====================

The yellow-highlighted figure represents the number of first-time claims for unemployment benefits for the entire United States. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

• Previous Week (revised): 221,000

• 4-Week Moving Average: 217,000

====================

• Click here to view the full Labor Department report

====================

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