New data Challenger Job Cuts (Jan)
2/6/2025
actual 49.795, previous 38.792
The Challenger Job Cuts report for January is scheduled to be released on February 6, 2025, at 12:30 GMT. This report measures the number of planned job cuts announced by employers in the United States.The actual number of Challenger Job Cuts for January is reported at 49.795K, which is higher than the previous month's figure of 38.792K. This represents a significant increase of 28.364% in job cuts compared to the previous period.
The market consensus estimate for this report was 45K, indicating that the actual number of job cuts exceeded expectations. The change in the number of job cuts from the previous month is 11.003K.
Given the low impact level of this event, the market reaction may be limited. However, higher-than-expected job cuts could potentially signal weakness in the labor market and have implications for the overall economic outlook.
This is not investment advice. Remember to verify the information provided here.
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