Payrolls as Statistics

By Jeffrey Snider of Alhambra

According to Challenger, Gray & Christmas, layoffs in the US were up 32% in March 2016 over March 2015. Compared to both January and February this year, March was somewhat better but overall for Q1 published layoffs were also 32% more on a year-over-year basis. It wasn’t a very good quarter. Some of that is expected given the death of “transitory” as an effect on oil production which can no longer deny reality. While it is easy to chalk up this potential economic setback to that particular sector, there is much more going on:

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