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 7/2/08 For Jun 2008
Announced Layoffs - Level
 Actual 81,755  
 Previous 103,522  

Highlights
Challenger's count of layoff announcements fell to 81,755 in June vs. 103,522 in May. Though an improvement, the report warned that layoffs are likely to increase in the months ahead amid rising costs and lower consumer spending. The ADP employment report will be 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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