It is important to note that the Challenger, Gray and Christmas survey is of announced layoffs and not all layoffs. I point to this survey frequently because it shows trends and as we all try and figure out what is going with the labor market one more bit of data to take a look at.
The trend we see here as with other data that is coming out is we are at or likely have seen the worst of the jobs reports although here we see comments (and I agree) that we are not coming out of this as fast as some think or would like to hope.
Is this “good news”? I prefer not as bad news.
So to the trends...