2016 April Job Cut Report: Job Cuts Jump to 65K

[DA60]

'The pace of downsizing increased in April, as US-based employers announced workforce reductions totaling 65,141 during the month, according to the latest report released Thursday from global outplacement consultancy Challenger, Gray & Christmas, Inc.

The April figure represents a 35 percent increase over March, when employers announced 48,207 planned layoffs. Last month’s job cuts were 5.8 percent higher than the 61,582 recorded in April 2015.

Employers have announced a total of 250,061 planned job cuts through the first four months of 2016. That is up 24 percent from the 201,796 job cuts tracked during the same period a year ago. It is the highest January-April total since 2009, when the opening four months of the year saw 695,100 job cuts.'

https://www.challengergray.com/press/press-releases/2016-april-job-cut-report-job-cuts-jump-65k


Thoughts?

 

[imagep]

I'm not familiar with that source, but the best I can tell their numbers aren't a reflection of the overall unemployment rate, and aren't adjusted for normal seasonal changes, so I'm not sure that it has any value. Does this source have a track record of being able to predict changes in the economy?

 

[David_N]

I'm not familiar with that source, but the best I can tell their numbers aren't a reflection of the overall unemployment rate, and aren't adjusted for normal seasonal changes, so I'm not sure that it has any value. Does this source have a track record of being able to predict changes in the economy?

I doubt it, heck, doesn't DA use zerohedge?