US based employers announced 64,797 job cuts in November of 2020, below 80,666 in October, and the second-lowest monthly total for 2020. Still, the number is 45.4 percent higher than the 44,569 cuts in the same month last year. The majority of cuts came from entertainment/leisure companies, which announced 11,666 cuts, followed by technology (11,431) and transportation (10,455). “Not only are airlines having trouble with decreased travelers, but local transportation authorities are feeling the loss of ridership this year,” said Challenger. So far this year, 2,227,725 job cuts have been announced, 298 percent higher than the 559,713 cuts announced through November 2019. It is the highest annual total on record, led by entertainment/leisure companies with 857,620 job cuts announced. source: Challenger, Gray and Christmas, Inc.
Challenger Job Cuts in the United States averaged 69017.95 Persons from 1994 until 2020, reaching an all time high of 671129 Persons in April of 2020 and a record low of 15100 Persons in June of 1997. This page provides the latest reported value for - United States Challenger Job Cuts - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Challenger Job Cuts - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.
Challenger Job Cuts in the United States is expected to be 71000.00 Persons by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Challenger Job Cuts in the United States to stand at 45000.00 in 12 months time. In the long-term, the United States Challenger Job Cuts is projected to trend around 55000.00 Persons in 2021, according to our econometric models.