United States : Challenger Job-Cut Report - Econoday

United States : Challenger Job-Cut Report

Released on 8/3/2011 7:30:00 AM For Jul, 2011 Prior Actual Announced Layoffs - Level 41,432  66,414

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

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

* Data in graph are as released and do not reflect subsequent revisions. Econoday subscribers can review up to 10 years of historical daily event analysis, data and recaps. Click here for subscription information.

2011 Release Schedule Released On: 1/5 2/2 3/2 3/30 5/4 6/1 7/6 8/3 8/31 10/5 11/2 11/30 Released For: Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov