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2008 Economic Calendar |
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Resource Center » U.S. & Intl Recaps | Release Dates | Why Investors Care | Today's Calendar
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A monthly report on the number of announced corporate layoffs. It is not adjusted for seasonal variations. The report indicates trends in the labor market. Why Investors Care
| Released on 2/2/06 For Jan 2006 | ||||||||
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Highlights
Challenger's layoff count, swollen by auto layoffs, totaled a steep 103,466 in January vs. December's 107,822 in results that won't dim expectations for what is expected to be a strong employment report tomorrow. Automotive showed the biggest rise in layoff intentions in the month, at 36,299 vs. only 4,130 in December. Retail also showed a big rise in layoffs, to 13,430 vs. 2,042 in what is a normal seasonal reduction from the holidays (note Challenger data are not adjusted).
Hiring intentions were a soft 13,942 vs. 42,972 in December. Hiring was led ironically by the automotive sector at 2,641 in the month, a sector where announcements of layoff plans by GM and Ford have sent a chill through the nation's factory employment outlook.
![[Chart]](chart.gif)
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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. |
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