Job cuts announced by U.S.-based employers hit 1,238,364 in the
second quarter, the highest quarterly total on record, according to a
monthly report released Thursday by global outplacement and business and
executive coaching firm Challenger, Gray & Christmas, Inc.
June job cuts totaled 170,219, down 57% from May’s total of 397,016,
and up 306% from the 41,977 cuts recorded in the same month last year.
Prior to when cuts began to increase this year in March, it is the
highest monthly total since February 2009, when 186,350 job cuts were
announced.
Second quarter cuts are up 257% from the 346,683 tracked in the first
quarter of this year and 781% from the 140,577 recorded in the same
quarter last year. It is 108% higher than the previous record quarterly
total of 594,326 cuts Challenger tracked in the third quarter of 2001.
So far this year, employers have announced 1,585,047 cuts, 379%
higher than the 330,987 cuts tracked in January-June of 2019. It is up
77% from the previous January-June record of 896,675 tracked in 2009.
Business Financing, Real Estate Financing, Micro-Business Loans, Personal Loans, Agriculture Financing, Land Loans, End Loans, Hard Money, Merchant Financing, Cash Flow Financing, Note Buyers. Commercial and Residential Construction Financing.
No comments:
Post a Comment