2018 Economic Calendar
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Challenger Job-Cut Report  
Released On 4/5/2018 7:30:00 AM For Mar, 2018
PriorActual
Announced Layoffs - Level35,369 60,357 

Highlights
Layoff announcements surged in March, to 60,357 from 35,369 in February for the highest total in nearly two years. Retail, increasingly affected by movement away from brick-and-mortar and toward e-commerce, is once again to blame with layoffs in the sector totaling 35,042 followed in the distance by telecommunications at 4,056. Though these results probably won't lower forecasts for tomorrow's employment report, they definitely point to weakness for retail payrolls.

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
 
 

2018 Release Schedule
Released On: 1/42/13/84/55/35/317/58/29/610/411/112/6
Release For: DecJanFebMarAprMayJunJulAugSepOctNov
 


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