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 3/5/08 For Feb 2008
Announced Layoffs - Level
 Actual 53,579  
 Previous 74,986  

Highlights
Challenger's count of layoff announcements totaled 53,579 in March, up about 5,000 for last March but down from 72,091 in February. Cuts were heaviest in government, transportation and financial. ADP's employment report is out at 8:15 a.m. ET.

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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