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 5/1/08 For Apr 2008
Announced Layoffs - Level
 Actual 90,015  
 Previous 53,579  

Highlights
Companies announced 90,015 layoffs in April, up more than 40,000 from March and the most of any month since September 2006. Financial firms announced the most layoffs at more than 23,000 with half the total coming from Merrill Lynch and Citigroup. Layoff announcements don't necessarily mean immediate layoffs as counted in jobless claims data or payroll data, but they do point to weakening labor conditions in the months ahead. The Labor Department will post the April employment report tomorrow.

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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