The Federal Reserve is focused on addressing “long-standing disparities” in unemployment, “because they weigh on the productive capacity of our economy,” Federal Reserve Chairman Jerome Powell said today during remarks at an industry event.
Employers announced plans to cut 37,202 jobs in June, according to a report issued by Challenger, Gray & Christmas. June’s announced cuts were 18% above May’s figure and 19.6% above last June’s. The retail sector continued to shed jobs, cutting 3,750 in June. Year-to-date cuts are 21.5% higher than this period last year when 60,127
Employers announced plans to cut 31,517 jobs in May, according to a report issued by Challenger, Gray & Christmas. May’s announced cuts were 12.6% below April’s and 4.8% lower than last May’s. The retail sector led the way, cutting 4,946 jobs in May. Year-to-date cuts are 49.8% higher than this period last year when 55,910
Employers announced plans to cut 36,081 jobs in April, according to a report issued by Challenger, Gray & Christmas. April’s announced cuts were 40.2% below March’s and 1.4% lower than last April’s. The retail sector led the way, cutting 7,844 jobs in April. This is 28.4% higher than the same period last year. The energy
Employers announced plans to cut 60,357 jobs in March, according to a report issued by Challenger, Gray & Christmas. March’s announced cuts were 71.0% more than February’s and 39.4% higher than last March’s. It was the highest total since April 2016, when 64,141 job cuts were announced. The retail sector led the way, cutting 35,042
Employers announced plans to cut 35,369 jobs in February, according to a report issued by Challenger, Gray & Christmas. February’s announced cuts were 20.0% less than January’s and 4.3% lower than last February’s. The retail sector led the way, cutting 6,106 jobs in February. This is 60.3% higher than the same period last year. The
Employers announced plans to cut 44,653 jobs in January, according to a report issued by Challenger, Gray & Christmas. January’s announced cuts were 37.7% more than December’s and 2.8% less than last January’s. The retail sector led the way, cutting 15,378 jobs in January. This is 31.6% higher than the same period last year. The
Employers announced plans to cut 32,423 jobs in December, according to a report issued by Challenger, Gray & Christmas. December’s announced cuts were 7.8% lower than November’s and 3.6% less than last December’s. In 2017 418,770 job cuts were announced, 20.5% lower than the announced cuts in 2016. This was the lowest annual total since
Employers announced plans to cut 35,038 jobs in November, according to a report issued by Challenger, Gray & Christmas. November’s announced cuts were 17% higher than October’s and 30% higher than last November’s. So far this year, 386,347 job cuts have been announced, 22% lower than the announced cuts through November 2016. The retail sector
Employers announced plans to cut 29,831 jobs in October, according to a report issued by Challenger, Gray & Christmas. October’s announced cuts were 3% lower than September’s. The month’s figure was 25.0% lower than October 2016. So far this year, 351,309 job cuts have been announced, the lowest ten-month total since 1997. The retail sector