Challenger Reports Job Cuts in April 2021 at Lowest Monthly Total Since June 2000

According to the latest released Job-Cut Report from Challenger, Gray & Christmas (CG&C), Inc, a global outplacement and business and executive coaching firm, planned job cuts announced by U.S.-based employers fell 25% in April to 22,913 from the 30,603 announced in March. Last month’s total is down 96.6% from last April, when employers announced 671,129 cuts, the highest monthly total on record. So far this year, employers have announced plans to cut 167,599 jobs from their payrolls, down 84% from the 1,017,812 jobs eliminated through the same period last year. April’s total is the lowest monthly total since June 2000, when 17,241 cuts were recorded. In comments prepared for the release of the report, Andrew Challenger, Senior Vice President of CG&C said, “The good news is that employers are no longer undergoing massive cuts, consumers are beginning to feel safe traveling and spending, and the number of job openings is edging higher. The bad news is we’re experiencing a labor shortage despite the millions of Americans still out of work.”

FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.
Original Source:
What A Difference A Year Makes: Job Cuts Fall To 22,913; Lowest Monthly Total Since June 2000