Econoday Report: Challenger Job-Cut Report 5, 2006

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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 9/5/06 For Aug 2006

Announced Layoffs, Level
Actual	65,278
Previous	37,178

Highlights
A business day too late, Challenger's job-cut count totaled a heavy 65,278 in August vs. 37,178 in July but slightly lower than 70,571 in August last year. On Friday the Labor Department reported a rise of 128,000 in non-farm payroll indicating soft conditions in the labor market, a result consistent with today's Challenger count.

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