New data Challenger Job Cuts (Aug)
9/5/2024
actual 75.891, previous 25.885
The Challenger Job Cuts report for August is scheduled to be released on September 5, 2024, at 11:30 AM. This report measures the number of planned job cuts announced by employers in the United States.The actual number of Challenger Job Cuts for August is reported to be 75.891K, which is higher than the previous month's figure of 25.885K. This represents a significant increase of 193.185% in job cuts compared to the previous period.
The market consensus estimate for job cuts was 78K, but the actual number came in slightly lower. Despite the lower-than-expected figure, the impact of this report is considered low as it provides insights into planned job cuts rather than actual employment data.
Overall, the increase in Challenger Job Cuts for August may indicate potential challenges in the labor market, and investors and analysts will closely monitor this data point for its implications on the broader economic conditions in the US.
This is not investment advice. Remember to verify the information provided here.
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