2008 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 1/3/08 For Dec 2007
Announced Layoffs - Level
 Actual 44,416  
 Previous 73,140  

Highlights
Challenger reports a steep decline in layoff announcements in what may be good news for tomorrow's employment report. Layoff announcements totaled 44,416 in December vs. November's 73,140 and a total of 54,643 in December 2006. The report contrasts with the Monster employment report which shows a big dip in online recruiting during December. ADP's report later this morning followed by weekly jobless claims will offer market-moving data 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 | Consensus Data Source: Market News International and Thomson Financial

2008 Release Schedule
Released On: 1/3 2/4 3/5 4/2 5/1 6/4 7/2 8/4 9/3 10/1 11/5 12/3
Released For: Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov


 
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