YoY Change in Challenger Job Cuts in the US
United States| Date | Value | ||
|---|---|---|---|
| Forecast | Actual | Deviation | |
| Date | Related Instruments Price Volatility | |||||
|---|---|---|---|---|---|---|
| 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | ||
The year-over-year comparison of Challenger job cuts measures how the number of job reduction plans announced by U.S. companies has increased or decreased in a specific month compared to the same month in the previous year. This data is released monthly by Challenger, Gray & Christmas, Inc., and is crucial for assessing the health of the labor market and corporate employment trends.
The year-over-year data helps to understand how job reduction plans are fluctuating over the long term. An increase in job cuts indicates that companies may be facing economic difficulties, suggesting a contraction in the job market. Conversely, a decrease in job cuts indicates an improvement in corporate economic conditions and an expansion of the job market.
This information is vital for policymakers to assess labor market trends and to formulate appropriate labor and economic policies. It also serves as an important source of information for businesses and investors to gauge employment trends and economic outlooks.
| Date | Value | Related Instruments Price Volatility | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
