2017 Economic Calendar
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Challenger Job-Cut Report  
Released On 6/1/2017 7:30:00 AM For May, 2017
PriorActual
Announced Layoffs - Level36,602 51,692 

Highlights
A big layoff announcement at Ford sent Challenger's May count to 51,692 vs 36,602 in April. This is the highest monthly total since April last year but won't be affecting May payrolls as actual layoffs at Ford have yet to begin. Outside of autos, layoff announcements were limited in May.

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
 


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