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 10/1/08 For Sep 2008
Announced Layoffs - Level
 Actual 95,094  
 Previous 88,736  

Highlights
Layoff announcements totaled 95,094 jobs in September vs. 88,736 in August. Layoffs were led by the computer and auto sectors, with surprisingly few in the financial sector. The report said financial layoffs are likely to rise in October. ADP is up 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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