Just prior to the release of the US non-farm payroll numbers by the Bureau of Labor Statistics later today, I thought it would be useful to take a look at this data series from Challenger, Gray & Christmas, Inc, a major outplacement company in the United States.
As we can see, during the last four quarters the number of job cuts announced by US corporations has reached low levels not seen since 2000 and even lower than during the 2002-07 expansion. This suggests that US corporations may have cut back workforce numbers as far as possible without impacting upon productivity and output levels. If this is the case, then it may be a positive signal for the future, as net jobs created should be boosted be a lack of jobs lost.
- A Tale of two U.S. reports: Who’s right? (theglobeandmail.com)
- Instant View: Jan private sector payrolls up 187,000 (reuters.com)
- Private employers add 187,000 jobs in Jan. (msnbc.msn.com)
- US Adds More Jobs, Markets Unconvinced (ADP) (247wallst.com)
- U.S. Initial Jobless Claims Fell 42,000 to 415,000 Last Week (businessweek.com)
- Laid Off? No, I Quit! (abcnews.go.com)
- One-off factors make jobs data unpredictable (ft.com)
- ADP Estimates Companies in U.S. Added 187,000 Jobs (businessweek.com)
- Private sector job growth surges (msnbc.msn.com)