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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 7/6/06 For Jun 2006 | ||||||||
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Highlights
Challenger's job-cut count rose to 67,176 vs. May's 53,716 but well down from last June's 110,996. A quarter-to-quarter comparison shows the improvement underway as second quarter announcements totaled 180,580, well down from prior quarters including the first-quarter total of 255,878. The jobs market may be firming right at the time that economic growth is expected to slow, possibly setting up another sharp twist for Federal Reserve expectations. The next indicator on the jobs market will be weekly jobless claims at 8:30 a.m. ET followed by the ISM non-manufacturing employment index at 10:00 a.m., the latter having shown solid strength in recent months. Of course Friday will see the release of the big monthly jobs report.
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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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