Econoday Report: Challenger Job-Cut Report 1, 2006

2008 Economic Calendar

Challenger Job-Cut Report

Definition
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 6/1/06 For May 2006

Announced Layoffs, Level
Actual	53,716
Previous	59,688

Highlights
Challenger's layoff count fell in May to a multi-year low, at 53,716 vs. 59,688 in April. Year-to-date layoff announcements are down 14 percent. Layoffs in May were heaviest in the computer sector due to a single merger. Early indicators for the monthly payroll report are mixed, with Challenger and monster pointing to a solid gain but ADP, released yesterday, pointing to a weak gain.

Trends

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

2006 Release Schedule

Released On: 1/5 2/2 3/2 4/4 5/2 6/1 7/6 8/1 9/5 10/3 11/2 12/5

Released For: Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov