Challenger Data Show Layoffs Soaring and Hirings Slumping

“Economic conditions” are behind surging layoff announcements

Highlights

• “Economic conditions” are behind surging layoff announcements

• Real-time rents are deflating, and it’s a matter of time before the CPI “catches down”

• Uneven K-shaped recovery weighed on Democrats in the election

• European equities are increasingly disassociated from economic reality