Details of the August 2015 US Challenger layoffs data report 3 September 2015
– Layoffs 41,186
– +2.9% y/y
– Retail and manufacturing top the cut list
Cost cutting (include restructuring in that too), closing and bankruptcy
are the top reasons why layoffs are being cited. That puts a bit of a shadow over the jobs market. The bankruptcy of the A&P supermarket makes up a big chunk of that number