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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 3/1/07 For Feb 2007 | ||||||||
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Highlights
Challenger's count of U.S. layoff announcements totaled 84,014 in February, up from 62,975 in January and vs. 87,437 in February last year. A rising trend of layoffs, both in Challenger's count and more importantly in weekly jobless claims data, may be an emerging concern. A positive was a sharp rise in hiring announcements led by retail, to 47,757 vs. 7,889 in January and 12,915 last February.
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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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