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Investing

Decent Jobs News from Challenger, Gray & Christmas

Photo of Jon C. Ogg
By Jon C. Ogg Published

Challenger, Gray & Christmas Inc. is among the first data that investors use to front run the unemployment and non-farm payrolls data each month.  The newest data from the group indicated that employers are planning to shed slightly fewer jobs in November when compared to October. 

The report for November showed an expectation of 42,474 job cuts, which is down 7% from the 42,759 reported in October.  Year over year,m this is down about 13% and is the second straight month of declines. 

Sadly, the total job cuts so far in 2011 was said to have topped all of 2010 per the data, with the 2011 now reaching a total of 564,297 versus 529,973 for all of 2010.

This is good to see lower job cuts but this is not going to have any meaningful impact on unemployment and non-farm payrolls expectations this Friday.

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About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

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