Corporate Layoffs: The Storm Has Passed
Scott Grannis at the always excellent Calafia Beach Pundit blog produced the graph above on Corporate Layoffs, and comments:
I've been showing this chart since early this year, saying that it was a good indicator of improvement in the economy. Corporate layoff announcements (which are presumably a fairly accurate gauge of distress in the large corporate sector of the economy) are now down to levels that in the past have been consistent with healthy economic growth. The storm has clearly passed.
MP: What's interesting is to compare Scott's graph above to the graph below of the "Search Volume Index" for the term "layoffs" using Google Trends, showing the same surge towards the end of 2008 followed by a huge spike around the first of the year, and then a sharp decline over the year, falling to levels in recent months that are about the same as in 2007. (Note: Google Trends only goes back to 2004 so it's not possible to match the same time periods in both graphs.)