Recent Updates
- Canada: Real Wholesale Trade data have been replaced, new series will be added shortly
- US: Chicago Fed National Activity Index (Jun)
- Turkey: Consumer Confidence (Jul); Nigeria: CPI (Jun); South Africa: Tourism & Migration (May), Midyear Popoulation Estimate (2018), Government Bond Holdings (Jun); Lebanon: CPI (Jun); Mozambique: Bank Credit by Sector (May)
- Germany: Wages & Earnings, Public Finance, Loans & Deposits (May)
- Denmark: Government Finance and Debt (Jun), Consumer
- more updates...
Economy in Brief
German PPI Rises at Nine-Month High Pace
The German PPI gained 0.2% in June on the heels of a 0.6% rise in May...
U.S. Leading Economic Indicators Improve
The Conference Board's Composite Index of Leading Economic Indicators increased 0.5% (5.8% y/y) during June...
Philadelphia Fed Factory Conditions Recover; Prices Surge
The Philadelphia Fed reported that its General Factory Sector Business Conditions Index rebounded to 25.7 during July...
U.S. Initial Unemployment Insurance Claims Hit Lowest Since 1969
Initial claims for unemployment insurance dropped to 207,000 during the week ended July 14...
Japan's Trade Deficit Swings Back to Surplus (Small Surplus)
Japan's early June trade results show a goods trade position having swung back to surplus in June from deficit in May...
by Tom Moeller August 23, 2006
The number of mass layoff events in July increased 2.6% after a 2.1% gain during June. Despite the increases, layoff events during the first seven months of 2006 remained down 11.4% from the year earlier period.
During the last ten years there has been a (negative) 85% correlation between the three month average level of layoff announcements and the y/y change in payroll employment.
The number of persons affected in July by mass layoffs fell 4.0% m/m and were 14.4% lower during the first seven months of 2006 versus last year.
Increased layoffs in manufacturing (-3.6% y/y) and in real estate (-17.4% y/y) dominated the increase in claimants for unemployment last month. Declines elsewhere were widespread.
The Mass Layoff Statistics (MLS) program collects reports on mass layoff actions that result in workers being separated from their jobs. Monthly mass layoff numbers are from establishments which have at least 50 initial claims for unemployment insurance (UI) filed against them during a 5-week period.
| Mass Layoffs | July | June | Y/Y | 2005 | 2004 | 2003 |
|---|---|---|---|---|---|---|
| All US Industries (# Events, SA) | 1,125 | 1,097 | -9.9% | 15,699 | 15,926 | 19,220 |
| Total (# Persons, SA) | 114,895 | 119,662 | -12.4% | 1,722,452 | 1,591,081 | 1,946,548 |
