2017 Economic Calendar
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Challenger Job-Cut Report  
Released On 2/2/2017 7:30:00 AM For Jan, 2017
PriorActual
Announced Layoffs - Level33,627 45,934 

Highlights
January is often a heavy month for layoff announcements as it was this year, at 45,934 in Challenger's count. Though this is up from 33,627 in December and is the highest total since April last year, it does compare favorably to 75,114 in January last year and 53,041 in the January before that. Retail saw 22,491 post-holiday layoffs for by far the largest industry total in the month. Layoff announcements, in line with actual jobless claims, came down steadily through last year.

Definition
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
 
[Chart]
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
 


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