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

Challenger Job-Cut Report  
Released On 7/6/2017 7:30:00 AM For Jun, 2017
PriorPrior RevisedActual
Announced Layoffs - Level51,692 33,092 31,105 

In a positive indication for tomorrow's employment report and in confirmation that employers are holding onto their employees, Challenger's layoff count for June is 31,105 which is the lowest total since October last year. One industry where layoffs have been heavy, however, has been retail which leads June's total at 4,217.

This report doesn't usually revise prior data but there is a correction for May in today's report. Layoffs in May, driven by a mass layoff announcement at Ford, were originally 51,692 but are now 33,092. No further details are available.

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]