2012 Economic Calendar
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U.S. & Intl Recaps   |   Event Definitions   |   Today's Calendar

Challenger Job-Cut Report  
Released On 3/8/2012 7:30:00 AM For Feb, 2012
Announced Layoffs - Level53,486 51,728 

Challenger's count of layoff announcements came in little changed in February, at 51,728 vs 53,486 in January and compared against 50,702 a year ago. Announcements last month were led by transportation and consumer products, two sectors where layoffs had been light and where the report warns that high gasoline prices may be leading to budget cutbacks. Government layoffs, which were very heavy through most of last year, are slowing.

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

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