2017 Economic Calendar
POWERED BY  econoday logo
U.S. & Intl Recaps   |   Event Definitions   |   Today's Calendar   |   

Challenger Job-Cut Report  
Released On 1/5/2017 7:30:00 AM For Dec, 2016
Announced Layoffs - Level26,936 33,627 

Challenger's layoff count, at 33,627 in December, remains very low and consistent with strong demand for labor. The count, however, is up slightly from unusually low readings of 26,936 in November and 23,622 last December. The average for the fourth quarter, at 30,434, is the lowest of the last two cycles, since second-quarter 2000. December layoff announcements were highest in the auto sector (4,705) followed by government (3,498), and transportation (3,439).

This monthly report counts and categorizes announcements of corporate layoffs based on mass layoff data from state departments of labor. The job-cut report must be analyzed with caution. It doesn't distinguish between layoffs scheduled for the short-term or the long term, or whether job cuts are handled through attrition or actual layoffs. Also, the job-cut report does not include jobs eliminated in small batches over a longer time period. Unlike most economic data, this series is not adjusted for seasonal variation.  Why Investors Care
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

2017 Release Schedule
Released On: 1/52/23/94/65/46/17/68/38/3110/511/212/7
Release For: DecJanFebMarAprMayJunJulAugSepOctNov

powered by  [Econoday]