Job cuts announced by U.S.-based employers fell 12.6 percent, from 36,081 in April to 31,517 in May. Last month’s job cuts were down 4.8 percent from the 33,092 announced in the same month last year. That is the lowest monthly total since October 2017, when 29,831 cuts were announced. So far this year, employers have announced 207,977 job cuts, 6.2 percent more than the 195,895 announced through the first five months of 2017. The report on June job cuts will be released by global outplacement consultancy Challenger, Gray & Christmas, Inc. on Thursday, July 5, at 7:30 a.m. ET.
June CEO Report Due Wednesday, July 11
A total of 91 Chief Executive Officers of U.S.-based companies left their posts in May, down 16.5 percent from the 109 CEO exits in April. May’s total is 13.8 percent higher than the 80 CEOs who left their posts in the same month last year. So far this year, 541 CEO exits have occurred, up 14.6 percent from the 472 CEO changes tracked in the first five months of last year. The Challenger report on June CEO turnover will be released Wednesday, July 11, at 10:00 a.m. ET.