2017 Economic Calendar
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Challenger Job-Cut Report  
Released On 10/5/2017 7:30:00 AM For Sep, 2017
PriorActual
Announced Layoffs - Level33,825 32,346 

Highlights
Layoff announcements remain low and stable, at 32,346 in September vs 33,825 in August and well down from 44,324 in September last year. The result along with yesterday's ADP report are positive indications for tomorrow's September employment report where hurricanes are an unknown wild card.

Challenger also tracks hiring announcements and here the news is not positive. Hiring intentions in September, which largely reflect holiday plans in the retail sector, fell to 422,726 vs 487,075 in September last year. The decline underscores retail's move toward e-commerce and hints at payroll trouble for the fourth quarter's employment reports.

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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