2017 Economic Calendar
POWERED BY  econoday logo
U.S. & Intl Recaps   |   Event Definitions   |   Today's Calendar   |   

Challenger Job-Cut Report  
Released On 3/9/2017 7:30:00 AM For Feb, 2017
PriorActual
Announced Layoffs - Level45,934 36,957 

Highlights
Challenger's layoff count remains low and favorable, at 36,957 in February and right in line with trend. Layoffs in retail are often high following the holidays and they lead the list for the second straight month. Layoffs in energy follow in February's rundown.

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
 
 

2017 Release Schedule
Released On: 1/52/23/94/65/46/17/68/38/3110/511/212/7
Release For: DecJanFebMarAprMayJunJulAugSepOctNov
 


powered by  [Econoday]