2012 Economic Calendar
POWERED BY  econoday logo
U.S. & Intl Recaps   |   Event Definitions   |   Today's Calendar   |   

Challenger Job-Cut Report  
Released On 9/6/2012 7:30:00 AM For Aug, 2012
Announced Layoffs - Level36,855 32,239 

Layoff announcements are lower, according to Challenger's count for August which is 32,239 for the second lowest of the recovery. Layoff announcements have been heavy in the telecom sector where they lead August's total. Second is health care which is another sector being hit. But in sum, today's report is very positive and points to strength for tomorrow's employment report. ADP's payroll estimate will be posted later this morning at 8:15 a.m. ET.

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
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

powered by  [Econoday]