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 11/5/08 For Oct 2008
Announced Layoffs - Level
 Actual 112,884  
 Previous 95,094  

Highlights
Hit by layoffs in the economy's two weakest sectors -- finance and autos -- layoff announcements totaled a five-year high of 112,884 in October vs. 95,094 in September. But the report warned there's trouble outside of these sectors with job cuts rising across the board. ADP's estimate for Friday's data will be posted 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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