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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
7/5/07
For
Jun 2007 |
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Announced Layoffs - Level
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| Actual |
55,726
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| Previous |
71.115
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Highlights
Challenger's layoff count fell to 55,726 in June, down from the low 70,000 level in the two prior months and perhaps hinting at strength in payroll growth for tomorrow's employment report. But this report will not affect expectations for tomorrow's report, unlike ADP's count which very may. The ADP total comes out at 8:15 a.m. ET.
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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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