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Challenger Job-Cut Report
Released on 11/4/2009 7:30:00 AM For October, 2009
Actual
Announced Layoffs - Level55,679 

Highlights
Challenger's count of layoff announcements is a positive for Friday's employment report. The October count fell to 55,679 vs. 66,404 in September for the lowest total since March last year. A look at October 2008, when 112,884 layoffs were announced, offers a handle on how much improvement there has been. ADP's payroll count will be posted at 8:15 ET.

Definition
This monthly report counts and categorizes announcements of corporate layoffs based on mass layoff data from state departments of labor. The job-cut report must be analyzed with caution. It doesn't distinguish between layoffs scheduled for the short-term or the long term, or whether job cuts are handled through attrition or actual layoffs. Also, the job-cut report does not include jobs eliminated in small batches over a longer time period. Unlike most economic data, this series is not adjusted for seasonal variation.  Why Investors Care
 

2009 Release Schedule
Released On: 1/72/43/44/15/66/37/18/59/210/111/412/2
Released For: DecJanFebMarAprMayJunJulAugSepOctNov
 



 
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