May 5, 2022
Challenger Job-Cut Report (April 2022)
- Announced layoffs 24,286 Previous was 21,387
Source: Challenger, Gray & Christmas
Initial Jobless Claims (week ended 4/30/2022)
- Initial Claims seasonally adjusted 200,000. Previous was 181,000
- Initial Claims, unadjusted, totaled 1 96,962 in the week ending April 30, a decrease of 7,164 (or (or -- 3.5 percent) from the previous week.
- 4-Week Moving Average seasonally adjusted 188,000. Previous was 179,750
Numbers below are for the week ended 4/16
Total receiving regular state UI decreased by 22,413
Total receiving any UI decreased by 35,165
Source: Labor Department Details: https://www.dol.gov/ui/data.pdf
Productivity and Costs (1stQ2022)
- Nonfarm Productivity - Annual Rate -7.5%. Previous was 6.3%
- Unit Labor Costs - Annual Rate +11.6%. Previous was 1.0%
Productivity is total Labor Cost/GDP.
Source: BLS Details: https://www.bls.gov/news.release/prod2.nr0.htm
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