Labor Market

Pink Slips

Labor Market indicator

What is the current Pink Slips?

LAYOFFS ANNOUNCED THIS MONTH
46K

Challenger Job Cut Announcements: 46K as of 2026-06. Source: Challenger, Gray & Christmas.

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74.7
A downturn signal that preceded every modern contraction keeps flashing
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Explore Further

📊 Unemployment & Job Market Statistics 2026 → 🛟 Behind on Your Mortgage? → 📖 What Is Recession? → 📖 What Is Unemployment Rate? →

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How has Pink Slips changed over time?

CSV Chart Card
Pink Slips over time
Pink Slips, thousands
Pink Slips
Data: Challenger, Gray & Christmas Updated Jul 2026

Most affected counties

Counties with the highest labor scores in the County Distress Index.

1 Imperial County CA 100 2 Yuma County AZ 99.9 3 Dawson County NE 99.9 4 Luna County NM 99.9 5 Colusa County CA 99.8 6 Tulare County CA 99.6 7 Merced County CA 99.4 8 Starr County TX 99.4 9 Maverick County TX 99.3 10 Kern County CA 99.2
Explore all 3,144 counties →
Historical data
Monthly · Challenger, Gray & Christmas
Period Value YoY Change
Jun 2026 46K −2K
May 2026 97K +3K
Apr 2026 83K −22K
Jan 2026 108K +59K
Dec 2025 36K −3K
Nov 2025 71K +14K
Oct 2025 153K +98K
Sep 2025 54K −19K
Aug 2025 86K +10K
Jul 2025 62K +36K
Jun 2025 48K —
May 2025 94K —

Frequently Asked Questions

What is Challenger Job Cut Announcements?

Labor Market indicator

Why does Challenger Job Cut Announcements matter for financial distress?

Challenger Job Cut Announcements is one of the indicators tracked by the American Distress Index (ADI), which measures five dimensions of U.S. household financial distress: Delinquency, Default & Legal, Debt Burden, Labor, and Safety Net & Buffer. Changes in this indicator contribute to the overall distress picture.

Where does the Challenger Job Cut Announcements data come from?

This data comes from Challenger, Gray & Christmas. More information: https://www.challengergray.com/blog/category/job-cuts-report/. The American Distress Index updates this indicator monthly.

Ross Kilburn
Written by

Ross Kilburn, Founder

American Default Research · Seattle, Washington
𝕏 @

Two decades working directly with financially distressed American households — from property preservation in 2003, to negotiating over 1,000 short sales during the Great Recession, to foreclosure defense marketing today. Author, The Ark Law Group Complete Guide to Short Sales (Auroch Press, 2013). Twice named to Puget Sound Business Journal Fast 50 for Ark Law Group. B.A., University of California, Berkeley, 1992. Founded American Default Research in 2026 to fill a gap in public data that had been empty since 2013.

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Why does Pink Slips matter?

Pink Slips is one of 98 live indicators tracked by American Default Research. The methodology page explains sources, update cadence, and how the index uses its published inputs.
View methodology →
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