2007 U.S. Economic Events & Analysis
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Challenger Job-Cut Report
Definition
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 4/4/07 For Mar 2007
Announced Layoffs - Level
 Actual 48,997  
 Previous 84,014  

Highlights
Announced layoffs fell back sharply in March in what may be a positive sign for Friday's big payroll report. Challenger's count totaled 48,997 in March, well down from 84,014 in February and 64,975 in March 2006. In fact the latest total is among the very lowest of the last several years. ADP later this morning will offer the next teaser on the jobs market.

Trends
[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

2007 Release Schedule
Released On: 1/4 2/1 3/1 4/4 5/2 6/6 7/5 8/1 9/5 10/3 11/1 12/5
Released For: Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov


 
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