February's total of 42,090 planned layoffs was 41% below January's 71,482 and 77% lower than the 186,350 job cuts tracked in February 2009, at the depth of the recession. It was the lowest monthly total since July 2006.
At times, obvious good news must be view with skepticism. Today's announced layoffs by Challenger, Grey and Christmas showed a year-over-year contraction of -150%. Since the inception of the time series, large declines in excess of -125% (1994, 2000, 2002, and 2006) have marked intermediate bottoms from which announced layoffs have expanded. As I have said many times before, it is often unwise to assume that this time will be different.
The red spot shadow reflects a probability window based on the previous advances.
Challenger, Grey, and Christmas Announced Layoffs (ALO) And YOY Change:
Source: marketwatch.com
0 comments:
Post a Comment