2017 Economic Calendar
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Challenger Job-Cut Report  
Released On 11/2/2017 7:30:00 AM For Oct, 2017
PriorActual
Announced Layoffs - Level32,346 29,831 

Highlights
Jobless claims are at historic lows and Challenger's layoff count is at a 20-year low. Layoff announcements in October totaled 29,831 vs 32,346 in September and 30,740 in October last year. The year-to-date count, at 351,309, is down from 466,352 this time last year and is the lowest since 1997. Today's report is another indication of strength for tomorrow's employment report.

Definition
This monthly report counts and categorizes announcements of corporate layoffs based on mass layoff data from state departments of labor. The job-cut report must be analyzed with caution. It doesn't distinguish between layoffs scheduled for the short-term or the long term, or whether job cuts are handled through attrition or actual layoffs. Also, the job-cut report does not include jobs eliminated in small batches over a longer time period. Unlike most economic data, this series is not adjusted for seasonal variation.  Why Investors Care
 
[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
 
 

2017 Release Schedule
Released On: 1/52/23/94/65/46/17/68/38/3110/511/212/7
Release For: DecJanFebMarAprMayJunJulAugSepOctNov
 


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