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 11/1/07 For Oct 2007
Announced Layoffs - Level
 Actual 63,114  
 Previous 71,739  

Highlights
Challenger's layoff count dipped to 63,114 in October from 71,739 in September. In October 2006, which is important to look at as Challenger's data are unadjusted, there were 69,177 layoffs announced. The report said the results are "very positive" and suggest that the bulk of the economy remains insulated from housing. This report, along with Wednesday's solid ADP count, may lift expectations for slightly stronger job growth in Friday's employment report.

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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