A monthly report on the number of announced corporate layoffs. It is not adjusted for seasonal variations. The report indicates trends in the labor market. Why Investors Care
| Released on 1/4/07 For Dec 2006 | ||||||||
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Highlights
Challenger reported 54,643 announced layoffs in December, down from 76,773 in November and down from 107,822 a year ago. Offsetting the decrease was a decrease in hiring intentions to 6,693 vs. November's 63,233 and 42,972 a year ago. The results are not likely to change growing expectations for soft payroll data in tomorrow's employment report.
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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. |
| 2007 Release Schedule | ||||||||||||||||||||||||||
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