Another Hint Of Bad Jobs News...

PinkSlip

From this months Challenger Layoffs Report:

The pace of downsizing remained virtually unchanged in April, as U.S.-based employers announced planned job cuts totaling 40,559 during the month. That is a 7.1 per cent increase from 37,880 job cuts announced in March, according to the latest job-cut report released Thursday by global outplacement firm Challenger, grey & Christmas, Inc.

April job cuts were up 11.2 per cent from the same month a year ago, when employers announced 36,490 planned cuts, the lowest monthly total recorded in 2011.

That 11.2% jump is a turnaround from last month’s fall of 8%.

What’s weird is how different this number is than initial jobless claims, which have been steadily 5-10% below a year ago levels.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.

Tagged In

layoffs moneygame-us