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United States Challenger Job Cuts

The pace of downsizing increased in December of 2016 as U.S.-based employers announced plans to shed 33,627 workers from payrolls. December job cuts were 25 percent higher than the 26,936 cuts announced in November and were up 42 percent from last December, when job cuts totaled 23,622. However, December marked the third consecutive month in which job cuts remained significantly below the annual average of 43,910. Considering full 2016, employers announced a total of 526,915 job cuts, 12 percent fewer than the 598,510 cuts in 2015 and below the 539,581 annual job cuts average since 2010, marking the first year of recovery in the wake of the Great Recession. The heaviest job cuts in 2016 occurred in the energy sector, which announced 107,714 layoffs during the year, with most cuts announced in the first half of 2016, as the industry continued to suffer from historically low oil prices. Challenger Job Cuts in the United States averaged 67083.65 Persons from 1994 until 2016, reaching an all time high of 248475 Persons in January of 2002 and a record low of 15100 Persons in June of 1997. Challenger Job-Cut Report provides information on the number of announced corporate layoffs by industry and region. 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.

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