Mass Layoff Events Continue Accelerating

It was only three months ago when people assumed that the turnaround in BLS' metric for mass layoff events meant an end to something or another. Nope. For the third straight month both mass layoff events and initial claimants for insurance picked up. There is nothing even remotely optimistic about this data... Which probably explains why unlike March when CNBC filled an entire day discussing this brand new datapoint that none of the anchors had heard before, today one would not hear a peep out of them on it. Next month: the 6 month MA gets surpassed on both indications.

Here are my last month's observations.

(P.S. is continue accelerating redundant? acceleration is a second derivative of speed (or whatever, semantics), so if you "continue" does that make it a third? Are third derivatives more potent in their greenshootery/astroturfery than second derivs?)





Source: BLS Sphere: Related Content

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Mass Layoff Events Pick Up, Faciliate EPS Beats

The Bureau Of Labor Statistics' Mass Layoff Events statistic indicates that the wholesale firing by corporations is accelerating once more again after a small respite in the January to March period. The BLS defines a Mass Layoff Event as one that occurs when an establishment has at least 50 initial unemployment compensation claims filed against it within a five-week period and the layoff lasts longer than 30 days. In other words, as the name implies, a mass layoff (and the reason for EPS to be sterling when revenues continue collapsing in all those Q1 earnings calls). This goes hand in hand with initial jobless claims reports. Chart of both are provided below (link to BLS data here). Kinda tough to spot the green shoots through the very deep parasitic undergrowth on these two charts.




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