Once again, good economic news.
The Challenger Job Cuts report says U.S. December planned layoffs plunged to the lowest level since 2000. Employers announced 30,623 layoffs last month, down from 45,314 in November, according to the report from consultants Challenger, Gray & Christmas, Inc. The December figure fell 5.9 percent from a year earlier, when planned layoffs totaled 32,556, and marked the third straight month that announced workforce reductions dropped year over year.
The Royal Bank of Canada said its U.S. Consumer Outlook index increased again to 51.5 in January from 49.7 in early December and 47.0 in November. The January level is the highest since June 2013. As in December, consumers remain upbeat about the labor markets and see little change in price pressures.
Initial Jobless Claims came in below economists’ expectations at 330 Thousand. Economists consensus estimate was for the number to be 335 Thousand. However, the prior period’s number was revised upward to 345 Thousand from 339 Thousand. Continuing Jobless Claims came in higher than economists’ expectations at 2865 Thousand. . Economists consensus estimate was for the number to be 2850 Thousand. However, the prior period’s number was revised downward to 2815 Thousand from 2833 Thousand.
RBC Consumer Outlook
Challenger Job Cuts
Initial Jobless Claims
“Volvo, Video, Velcro: I came, I saw, I stuck around.”
Assistant State Treasurer
Chief Investment Officer
State of Louisiana
Department of the Treasury