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Challenger Hiring Announcements Lift In June But Still Close To Recent Lows [correction]

US DATA

[Correction to yesterday’s Challenger hiring comment. We wrote the comment off Bloomberg data that initially showed hiring announcements of just 1.9k in June but that’s since been corrected 19.1k]


  • Challenger hiring announcements increased to 19.1k in June after May’s 4.2k was the second lowest in the series history going back to 2024 (with the lowest 3.0k also recently in Dec’23).
  • The data have to be taken with some caution because September months are such an important seasonal month, but the charts nevertheless remain notable as they maintain the particularly low levels seen through 1H23.

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