More US Job Market Warnings

From Forex Live:

Challenger Grey US layoffs report 7 May 2015

  • Layoffs 61,582 vs 36,594 prior
  • Largest since May 2012
  • Layoffs +53% y/y
  • Total layoffs YTD 201,796, +25% y/y
  • Largest 4 month total since 2010
Another negative sign for US jobs. The energy sector printed the worst numbers with falling oil prices accounting for around 34% of the headline layoffs
 My view:

As we head into the late spring and summer time-frame, the worsening employment situation should become obvious to all.  Keep in mind that the Challenger report reflects "planned" layoffs rather than ones that have taken place.  It is more of a leading employment indicator.