U.S.-based employers announced 35,038 job cuts in November
|"U.S.-based employers announced 35,038 job cuts in November, up 30 percent from the same month last year, when 26,936 job cuts were announced. Employers have announced 17 percent more cuts than in October 2017, when 29,831 cuts were announced," Challenger, Gray & Christmas, Inc. noted in its latest report.
Key quotes
So far this year, 386,347 job cuts have been announced, 22 percent fewer than the 493,288 cuts announced through November 2016.
This is the highest monthly total since April, when 36,602 cuts were announced.
Companies in the Pharmaceutical sector have announced 13,254 job cuts so far this year.
The Health Care sector announced 7,011 job cuts in November.
Industrial manufacturing has announced 19,986 cuts in 2017, 37 percent fewer than the 31,656 cuts announced through November last year.
Meanwhile, holiday hiring announcements are slightly behind last year’s totals.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.