2017 Economic Calendar
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Challenger Job-Cut Report  
Released On 12/7/2017 7:30:00 AM For Nov, 2017
PriorActual
Announced Layoffs - Level29,831 35,038 

Highlights
Lay-off announcements rose to 35,038 in November vs 29,831 in October and 26,936 in November last year. This is the highest total in seven months and, though still at an historically low level, does hint at softer-than-expected results for tomorrow's monthly employment report. Health care had the highest total for a second month with services and computer products also showing sizable totals.

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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