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Challenger Job-Cut Report
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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
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| Released on
6/6/07
For
May 2007 |
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Announced Layoffs - Level
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| Actual |
71,115
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| Previous |
70,672
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Highlights
Challenger's job-cut count totaled 71,115 in May, little changed from 70,672 in April and compared with 53,716 in May last year. The results are in line with trend and follow last week's employment report for May which proved also in trend.
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Trends
![[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. |
Data Source: Haver Analytics
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