CycleWatch

Signals › Labor Market

JTSLDL · FRED

Layoffs and discharges

Actual layoff rate, distinct from announcements.

Latest reading

1,641

Level in Thousands · observation 2026-08-01, published 2026-09-29

Last 24 observations.

Signal

+0.78

Inside the normal range. Not a strong reading either way.

Use
In model: block 2 score
Model input
100 × change in the logarithm, about the % change from the previous period
Direction
A rising value raises recession risk.

Where it fits

Labor Market: Detect the income-to-consumption feedback loop that turns a slowdown into a recession. The model averages the standardised signals in each block into a block score, then combines the twelve block scores in a probit. Today the 12-block model reads 1.6%.

Other signals in this block