2012 Economic Calendar
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Challenger Job-Cut Report
Released On 7/5/2012 7:30:00 AM For Jun, 2012
PriorActual
Announced Layoffs - Level61,887 37,551 

Highlights
Challenger's layoff count for June is 37,511, down from 61,887 in May and down from 41,432 in June last year. Despite indications of slowing business activity, the report says employers are reluctant to cut their staffs in what is a good indication for both weekly jobless claims, to be released later this morning at 8:30 a.m. ET, and for Friday's monthly employment report. What layoffs there were for June were centered in education followed by telecommunications.

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
 
[Chart]
The Challenger Job-Cut Report could serve as a leading indicator for new jobless claims. However, not all layoff announcements result in near term job losses. For instance, companies often announce layoffs that will result in job losses but not immediately. Companies would simply not replace workers who quit voluntarily.
Data Source: Haver Analytics
 

 

2012 Release Schedule
Released On: 1/52/23/84/55/35/317/58/29/610/411/112/6
Release For: DecJanFebMarAprMayJunJulAugSepOctNov
 


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